TLDR
- Chainlink (LINK) has fallen 50% year-to-date, approaching the critical $10 level
- Technical indicators show bearish momentum with resistance stronger than support
- Whale activity recently jumped 178% in a 24-hour period, suggesting increased institutional interest
- Strategic partnerships include Abu Dhabi Global Market (ADGM) for tokenized asset frameworks
- Price needs to break through $12.35 for a bullish trend; failure could lead to retracement toward $7-$10
Chainlink’s (LINK) price has experienced a significant downturn in 2025, falling 50% year-to-date and hovering near the crucial $10 support level. The token, which traded above $30 in December 2024, is now at risk of dropping even further.
As of the latest reports, LINK is trading at approximately $11.16, showing a 5.06% decrease in the past day and a 17.24% decline over the past week.
LINK Price
On-chain data from IntoTheBlock reveals potential challenges ahead for the oracle network token. The In/Out of Money Around Price (IOMAP) metric, which measures unrealized profits and losses, identifies LINK’s major support at around $10.52, where approximately 8,000 addresses hold over 11 million tokens in profit.
However, this support may prove insufficient against the combined resistance between $10.71 and $12.33, where a larger volume of tokens are currently in the red.
Technical Analysis Shows Bearish Indicators
From a technical perspective, several indicators suggest continued downward pressure. The daily chart shows the Moving Average Convergence Divergence (MACD) has fallen into negative territory, indicating bearish momentum.
Additionally, a death cross has formed with the 26-day Exponential Moving Average (EMA) crossing above the 12-day EMA. This pattern typically signals further price declines.
The weekly timeframe reinforces this outlook, with the Supertrend indicator showing a bearish signal. The red line of the indicator has risen above Chainlink’s price, invalidating the buy signal that appeared in late March.
If current trends continue, LINK might break below the $10 support level. Should this occur, the token could potentially fall to $7.37, a price last seen in October 2023. In a more severe scenario, a correction to $4.72—levels last experienced during the 2022 bear market—remains possible.
Sudden Surge in Whale Activity
Despite the bearish technical outlook, recent data shows an unexpected 178% jump in whale activity within a 24-hour period. This significant increase in large transactions suggests growing institutional interest in LINK.
Such substantial movements by large investors often precede notable price movements, though the direction—whether bullish or bearish—remains unclear without additional market confirmation.
Strategic Partnerships Provide Long-term Optimism
While short-term price action appears concerning, Chainlink continues to strengthen its fundamental position through strategic collaborations. A notable partnership with Abu Dhabi Global Market (ADGM) aims to develop compliant frameworks for tokenized assets.
This alliance gives ADGM access to Chainlink’s suite of blockchain tools and demonstrates the project’s commitment to fostering innovation while expanding its presence in the Middle East and North Africa region.
These institutional partnerships may provide longer-term support for LINK’s value proposition beyond current market fluctuations.
Path Forward for LINK Price
Market analysts have identified key price levels that will determine LINK’s future trajectory. Breaking through the $12.35 mark is considered crucial for initiating a bullish trend, with some projections suggesting potential targets of $18 in the near term if this resistance is overcome.
Conversely, failure to maintain support above the current levels could accelerate the downward movement. Investors are watching these developments closely as they could significantly impact LINK’s market performance in the coming weeks.
For the token to invalidate the bearish outlook, buying pressure would need to increase substantially. With sufficient momentum, Chainlink’s price might overcome the $12.33 resistance and potentially rally toward $15.36 or even $23.70 in extremely favorable market conditions.
As of now, LINK’s immediate challenge remains breaking through immediate resistance while maintaining support above $10.
