Chainlink price faces a decisive moment as its price slips toward a major support zone between $15 and $14, a range analysts say could determine the token’s next significant move.
With volatility expanding and sellers dominating short-term momentum, the coming days may define whether the token preserves its broader bullish channel or slides into a deeper correction.
Analyst Identifies $15–$14 Zone as Chainlink’s Technical Pivot
In a recent X post, analyst Ali highlighted the $15–$14 range as a defining technical zone for Chainlink, framing it as the level that could shape the asset’s medium-term trajectory. On the chart, this area coincides with the lower boundary of an ascending parallel channel that has contained the asset’s broader trend structure for several months. Maintaining price action above this support would confirm that buyers are still defending the long-term bullish channel and could keep the upward trajectory intact.
Source: X
Ali noted that the asset has historically rebounded from similar channel supports, often triggering renewed momentum once buying pressure returns. If the $15–$14 region holds, he projects upside targets between $27 and $46, corresponding to the midline and upper boundary of the channel.
This scenario assumes sustained volume recovery and a close above interim resistance levels near $21 and $27, potentially paving the way for the coin to revisit the $40 range if market sentiment turns risk-on.
Market Data Shows LINK Down 10% as Volume Surges
According to BraveNewCoin, Chainlink trades at $15.41, marking a 10.12% decline over the past 24 hours. The token’s market capitalization stands at $10.72 billion, with trading volume surging to $1.37 billion. This heightened turnover underscores strong market participation around the current price zone, reflecting a tug-of-war between buyers attempting to defend the structure and sellers pressing for a breakdown.
Despite ranking 17 by total market capitalization, the coin’s short-term outlook remains cautious. The price has spent recent sessions consolidating near the $15 handle, where previous liquidity clusters align with the lower edge of its long-term trend channel. If volume continues to rise while price stabilizes above this area, it could indicate early accumulation activity. Conversely, sustained volume expansion alongside further price weakness would suggest forced liquidations and continuation of the existing bearish leg.
TradingView Indicators Point to Persistent Downside Momentum
On TradingView, LINK’s daily chart shows the token trading near $15.17, extending its recent slide. The Bollinger Bands reveal expanding volatility, with price hugging the lower band at $14.99 while remaining below the 20-day moving average at $18.55. This formation typically signals continued downside bias, as sellers maintain dominance until the price can reclaim the baseline
Source: TradingView.
The Relative Strength Index (RSI) sits at 34.87, close to oversold levels but still below its signal average at 40.12. This setup implies that selling momentum remains strong even as conditions approach exhaustion. Should RSI dip below 30, a short-term relief rally or sideways consolidation could emerge — though confirmation from price action and volume would be essential before validating a reversal.
Currently, the token trades within a $14.50–$15.00 support corridor, where the lower Bollinger Band converges with psychological demand. A confirmed breakdown below this range could expose the token to the $12–$13 zone, while a recovery above $18.50 would reestablish a bullish structure and signal renewed market confidence.