Chainlink (LINK) price has stalled around $15 in the past week, dipping 2% in the last seven days. Experts were bullish on LINK in the altcoin season, suggesting it could potentially reach $20. The asset recently reclaimed $16, but has since corrected under that mark, concerning investors.
LINK hit $16 thanks to heightened weekly exchange outflows worth approximately $11.27 million. Last week, the crypto industry saw Bitcoin experience a game-changing surge that could ignite a shifting sentiment for the industry. Indeed, the asset reached a new all-time high of $111,000 before retreating to close the week. That is a driving reason behind bulls grabbing hold of LINK’s momentum.
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. Alternatively, the longer LINK stalls at $16 or below, the higher the chance the asset could fall again.
Also Read: Chainlink Whales Add 25M LINK as Price Eyes This Next Key Level
Furthermore, Chainlink whales recently heightened their activity around Chainlink LINK. According to a recent report, wallets holding between 100,000 and 10 million LINK have grown to reach 375 million, jumping from 350 million since February. Moreover, data shows there has been a stark increase in large transaction counts. This is usually an indicator of bullish whale sentiment for the top institutional investors.
Currently, CoinCodex analysts aren’t too bullish on Chainlink’s immediate future. “According to our current Chainlink price prediction, the price of Chainlink 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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