Chainlink (LINK) is in the midst of a strong downspell, falling 16% in the past week. Analysts are worried that a further 15% drop could be ahead for the altcoin. The Chainlink (LINK) cryptocurrency has dropped significantly in 2025 so far, with bears sending the asset down 32% in the past month alone. After a solid end to 2024, investors were bullish on LINK entering the new year. However, the cryptocurrency has failed to pick up any steam.
Currently, analysts suggest that a fall to $12.60 is possible if LINK drops below $15. Chainlink hasn’t fallen below $14 in 2025 yet, but might be on its way to doing so. As a result, even crypto whales are selling off their assets seemingly. According to Ali Charts, a crypto analyst on X, whales have moved nearly 610,000 Chainlink (LINK) tokens to exchanges in the past 24 hours, signaling increased selling pressure. The selloff prompted the asset to drop further this week, creating more worry around the altcoin amongst investors.
How Much Further can Chainlink (LINK) Fall?
According to technical analysis, bears are in control of LINK, and the coin is poised for further decline. On the daily timeframe, LINK had been consolidating within a tight range for an extended period. However, as market sentiment shifted thanks to whale sales, the asset failed to hold this zone. The asset breaking below this consolidation caused a significant dropoff, that may send LINK to further lows.
According to another market expert, Ali Martinez on X, there are various reasons behind Chainlink’s massive plummet. Firstly, Martinez addressed that the current price correlation indicates a slowdown in Chainlink activity as it coincides with a network contraction. The network has reportedly been contracting since November 30. Alongside the slowdown, LINK’s price was also impacted by the MVRV Ration. According to Martinez, the MVRV Ratio, which measures trader profitability, also shows this decline. The average loss for individuals who purchased LINK throughout the last 30 days is currently at a negative 16%. Historically, selling fatigue points have been identified at this level.
Also Read: Ripple: How High Can XRP Rise Post Its SEC Case Dismissal?
Looking to the future, despite continued signs of decline, most price predictions are still hopeful for LINK. Data from CoinCodex is still bullish, but dwindling when looking at the LINK market. While the asset is expected to struggle below $20 throughout this month, the coming month may be overall the same. Previously projected to reach $20 in March as an average, CoinCodex now projects the coin to trade no higher than $22, but the average sits around $18.
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