Is Chainlink on the verge of entering a downtrend?After a liquidity grab at $10, is Chainlink about to shift into a downtrend?
If the $8.6 support flips into resistance, there’s a possibility it could move toward the $6 level.
ShortKey facts today
Key stats
About Chainlink
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
Related coins
Short
link / USD (1H)The chart shows a clear bullish market structure supported by a rising uptrend line from the recent swing low. Price is currently consolidating inside a descending triangle / bullish continuation wedge, which typically forms before a breakout in trending markets.
Market Structure
The overall trend
Long
LINK - Explosive 14% Rally! Canton Integration + Short Squeeze !
What's up traders! 👋
Chainlink is EXPLODING right now with a 14% rally to $9.35 - the highest level since February 5! We've got MASSIVE bullish momentum from the Canton Network integration, crypto-wide short squeeze ($400M liquidated), and LINK ETF inflows. Let me break down what's happening on th
Long
Chainlink stalls below key resistance as downside risk builds:Current Price: 8.88 (Analysis was generated on Monday Morning)
Direction: SHORT
Confidence level: 62%(Several professional traders describe a bearish or range-bound structure below the $9.23 resistance, and repeated failures there outweigh mixed social sentiment.)
Targets
Target 1: 8.40
Target 2:
Short
Chainlink to $11-12 on a nice alt bounceYes, I do realize all these charts look roughly the same, but we gotta take what the market is giving here and what it's giving is boring sideways consolidation (along with plenty of grave dancing by bears on crypto - like EVERY OTHER CYCLE lmao.)
In short, LINK has an opportunity here to send to
Long
LINK - LONG - The Market Is Setting a Trap$CHAINLINK
Sometimes the market does not whisper.
It speaks clearly.
Both stablecoin-margined and coin-margined futures CVD are bleeding. Sellers are active across derivatives, yet price is barely moving. That tells you everything you need to know. Supply is being absorbed.
Today we saw a sharp
Long
LINK: Let Bears Do Its Dance.Let beras do its dance ladies and gentlemen .
Link has 2 area for a bounce , which one will be the one?
Well knowing that there's still plenty of TIME on beras side , all we can do is wait, when price is near the vertical blue line then we know that the TIME is near for its next move.
Don't rush a
ChainLink Breaks Down: Hold Here or Drop to $6?Chainlink has broken below its previous 3 month support and is now trading within a new 3 month range, which can also be seen in the prior linked charts.
There are two main scenarios to be aware of. At current levels, LINK needs to hold this new 3 month support range to set up the next volatility e
Chainlink Head and shoulders almost completeLook at the chart. Speaks for itself. Full reset almost complete, back to baseline. Bigger picture looks like a big adam and eve pattern, would not expose myself to this.
Short
ChainlinkI assume Link could be in this phase of the cycle.
I expect rejection after retest of broken trendline.
Invalidation on return back above trendline.
Short
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current price of Chainlink (LINK) is 8.6018 USD — it has fallen −0.34% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing LINK price chart.
The current market capitalization of Chainlink (LINK) is 6.09 B USD. To see this number in a context check out our list of crypto coins ranked by their market caps or see crypto market cap charts.
Chainlink (LINK) trading volume in 24 hours is 334.12 M USD. See how often other coins are traded in this list.
Chainlink price has fallen by −5.70% over the last week, its month performance shows a −2.93% decrease, and as for the last year, Chainlink has decreased by −35.85%. See more dynamics on LINK price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
Chainlink (LINK) reached its highest price on May 10, 2021 — it amounted to 53.0197 USD. Find more insights on the LINK price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Chainlink (LINK) reached the lowest price of 0.1265 USD on Sep 23, 2017. View more Chainlink dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The current circulating supply of Chainlink (LINK) is 1.00 B USD. To get a wider picture you can check out our list of coins with the highest circulating supply, as well as the ones with the lowest number of tokens in circulation.
Chainlink has the limit of 1.00 B coins. No matter how the currency evolves, no new coins will be released after this number is reached.
You can judge how popular Chainlink (LINK) is and how actively traders buy and sell it by its number of transactions - it's now reached 6.51 K, which is 21.50 M USD.
Average LINK transaction in USD is 7.70 K. You can find even more Chainlink stats in our Crypto Coins Screener.
The safest choice when buying LINK is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade LINK right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for Chainlink (LINK): today its technical analysis shows the sell signal, and according to the 1 week rating LINK shows the sell signal. And you'd better dig deeper and study 1 month rating too — it's sell. Find inspiration in Chainlink trading ideas and keep track of what's moving crypto markets with our crypto news feed.
Chainlink (LINK) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, Chainlink is estimated as 4.02% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about Chainlink, you can find more inspiration in our curated watchlists.
You can discuss Chainlink (LINK) with other users in our public chats, Minds or in the comments to Ideas.