Chainlink (LINK) price has fallen below $15 in the past week, dipping 10% in the last seven days after falling below a $15 resistance. Experts were bullish on LINK in the altcoin season, suggesting it could potentially reach $20. The asset recently reclaimed $16, but has since tanked under that mark, concerning investors.
Chainlink’s RSI and MACD show neutral momentum, indicating a balance between buyers and sellers of LINK. Traders are eyeing key levels on the LINK/USDT charts for where Chainlink could go next. LINK currently faces resistance in 2025 at $20, a level where sellers have stepped in before. A push past that could send LINK toward a $25–$26 area. Beyond lies a mid-term target of $28–$30, matching late-2024 highs. However, the longer LINK stalls at $15 or below, the lower the chance the asset could rebound this summer.
Furthermore, the stalling of several crypto ETFs has worried cryptocurrency investors as a whole. Those concerns have leaked into Chainlink LINK and put hopes of $20 in jeopardy. Fortunately, one trading analyst cites a long-term ascending triangle pattern that hints at a potential breakout, statistically favoring the upside. Bulbasaur.eth, a crypto trader and on-chain chartist, provided an in-depth analysis of the LINK/USD movement where neutral readings were found on the crucial indicators, Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).
Also Read: Crypto Whales Move $693 Million Worth of Chainlink (LINK)
In January 2021, Chainlink (LINK)’s RSI hit a peak of 83, indicating overbought conditions and subsequent correction. Currently oscillating around 50 levels, the index states that Chainlink is not in an overbought or oversold situation and is at equilibrium. In the same vein, MACD’s histogram is getting flattened, meaning a pause in directional momentum. As Bulbasaur.eth notes, this is almost a “moment of peace” before LINK could have a significantly large move for better or worse.
Currently, CoinCodex analysts aren’t too bullish on Chainlink’s immediate future. “According to our current Chainlink price prediction, the price of LINK is predicted to rise by 0.81% and reach $ 15.78 by June 27, 2025,” the analysts say. “Per our technical indicators, the current sentiment is Neutral.” CoinCodex doesn’t suggest LINK will return to $20 until August 2025, where they project an average price of $ 21.54.
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