Chainlink LINK Tests Crucial Rising Trendline Support in Steady Price Range

• LINK approaches a long-term rising trendline that supported recoveries from peaks at $32, $25, and $21 since mid-2023.

• Price action remains contained in a controlled range, showing orderly trading with active liquidity.

• Technical indicators like RSI and MACD are nearing levels observed before previous price reversals, per market data from Coingecko.

Discover Chainlink LINK’s latest price analysis as it tests key support. Stay informed on crypto trends and potential recovery signals for informed trading decisions.

What is Chainlink LINK’s Current Support Level and Price Movement?

Chainlink LINK support trendline is under close watch as the cryptocurrency returns to a rising base that has consistently provided support since mid-2023. Currently trading near $13.97, LINK’s price has formed a fifth contact with this trendline after pullbacks from higher levels around $18. Market participants observe stable range-bound movement between $13.71 and $14.44, with intraday rebounds testing resistance near $14.40.

The chart structure reveals a pattern of lower highs throughout 2025, yet the ascending support line persists as a reliable floor. Observations from analyst Ali Charts highlight that LINK has repeatedly recovered from this trendline, emphasizing its role in maintaining market structure. This latest approach follows a slide from recent highs, underscoring the trendline’s importance in the ongoing cycle. With a market capitalization approaching $9.73 billion and a fully diluted valuation near $13.97 billion, LINK demonstrates resilience despite broader market pressures.

Data from Coingecko indicates a 24-hour trading volume of approximately $914.79 million, reflecting consistent liquidity and investor interest. LINK’s price often pulls back to around $13.80 after brief surges above $14.20, suggesting a balanced interplay between buyers and sellers. Circulating supply stands at 696.8 million tokens out of a total fixed supply of one billion, which supports its positioning in the decentralized oracle network sector. As Chainlink continues to integrate with major blockchains for real-world data feeds, this technical setup draws attention from institutional and retail traders alike.

How Are Technical Indicators Influencing LINK’s Potential Reversal?

Analysts are closely tracking momentum indicators as LINK nears macro support levels similar to those preceding earlier recoveries. The Relative Strength Index (RSI) and Stochastic oscillator display downward trajectories, hovering near oversold territories observed in past reversal points. MACD histogram bars remain subdued below the zero line, signaling persistent bearish momentum but with potential for crossover signals if support holds.

According to insights from Rick Barber, an experienced market analyst, the price is approaching a broader support zone with indicators aligning for a possible shift. He recently noted de-risking 50% of his position in preparation for this test while retaining exposure for an early bounce. Weekly candles consistently reject a descending resistance boundary, capping rallies and channeling price toward this pivotal trendline. Chainlink’s role in enabling secure data oracles for smart contracts adds fundamental strength, as adoption grows across DeFi protocols and traditional finance integrations. Trading volume spikes during these tests, often exceeding $900 million, provide liquidity buffers that prevent sharp breakdowns. Experts emphasize that while short-term pressures persist, the trendline’s historical reliability—holding through multiple cycles—positions LINK for a measured response.

Broader market dynamics, including Bitcoin’s influence on altcoins, play a role in LINK’s trajectory. As the leading oracle provider, Chainlink’s partnerships with entities like Swift and major banks underscore its utility, potentially bolstering sentiment if support confirms. Price action within the $12 to $18 range has been orderly, with no signs of panic selling. Analysts from platforms like TradingView echo these observations, pointing to volume profile analysis that shows accumulation near current levels. This setup, combined with on-chain metrics such as increasing active addresses, suggests underlying demand that could fuel a rebound if macro conditions improve.

Frequently Asked Questions

What factors are supporting Chainlink’s rising trendline since mid-2023?

The rising trendline for Chainlink LINK has acted as a dynamic support during declines from peaks at $32, $25, and $21, driven by consistent buyer interest at lower levels. This base reflects growing adoption of Chainlink’s oracle services in DeFi and enterprise applications, maintaining structural integrity amid market volatility. Analysts note five successful defenses, highlighting its reliability for long-term positioning.

Is Chainlink LINK poised for a price reversal near $13.97?

Chainlink LINK’s current position near $13.97, testing its key support trendline, shows promise for a reversal as indicators like RSI approach oversold zones seen in prior recoveries. Steady trading volume around $914 million supports liquidity, and historical patterns indicate bounces from this level. However, confirmation depends on broader crypto market trends and resistance breaks above $14.44.

Key Takeaways

• Trendline Reliability: Chainlink’s rising support has held through five contacts since mid-2023, providing a strong foundation for potential recoveries.
• Range-Bound Stability: LINK trades steadily between $13.71 and $14.44, with active liquidity preventing extreme volatility.
• Indicator Watch: Monitor RSI and MACD for reversal signals, as they align with levels from past bullish shifts in the market.

Conclusion

As Chainlink LINK tests its critical support trendline near $13.97, the cryptocurrency’s historical resilience and technical alignment offer cautious optimism for traders. With indicators echoing past reversal setups and steady volume supporting liquidity, LINK remains a key player in the oracle space. Investors should stay vigilant for confirmation signals, positioning ahead of potential macro shifts in the crypto landscape for strategic opportunities.