Price Analysis View Non-AMP

Chainlink (LINK) Could Drop to $7.5, Expert Shares Key Insight

Published by
Chandan Gupta

Amid ongoing volatility, LINK, the native token of Chainlink, is poised for a notable price decline in the coming days. Based on the current price action, a prominent crypto expert shared a post on X (formerly Twitter) today, April 10, 2025, suggesting that LINK could be heading toward the $7.50 level.

In a post on X, the expert emphasized that LINK appears to be retesting its recent breakdown of an ascending trendline that has been in place since June 2023. This prediction will only be valid if the LINK price remains below the trendline; otherwise, it will be invalidated.

Source: Trading View

At press time, LINK is trading near $11.95 and has recorded a price decline of over 6% in the past 24 hours. During the same period, its trading volume dropped by 40%, indicating lower participation from traders and investors.

This drop in trading volume was potentially caused by the significant price fluctuations experienced by LINK holders and traders over the past 24 hours.

According to CoinPedia’s technical and price analysis, LINK has been moving in a downtrend within a falling wedge pattern. The price has already faced resistance at the upper boundary of the pattern and is now heading toward the lower boundary. However, due to the prevailing bearish market sentiment, downside momentum is likely in the coming days.

Source: Trading View

Based on recent price momentum and historical patterns, if the LINK price remains below the $13.25 level, there is a strong possibility it could drop by 20% to reach the $9.50 level. Meanwhile, if market sentiment remains unchanged and the price closes a daily candle below the $9.50 level, the next support LINK could test is at the $7.50 level.

On the other hand, if the LINK price breaks out of the falling wedge pattern and closes a daily candle above the $13.25 level, a massive 35% upside rally is also possible in the coming days.

Chandan Gupta

Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

Recent Posts

Galaxy Digital Completes $9 Billion Bitcoin Sale for Satoshi-era Investor: What Next for BTC Price?

Galaxy Digital Inc. (NASDAQ: GLXY), a financial investment firm focused on the crypto market, has…

July 26, 2025

Darwin Breaks Through: The First Solana-Powered AI Platform Going Public – And It’s Not Playing Small

Something big is happening at the crossroads of AI, blockchain, and public markets, and this…

July 26, 2025

3 Best Cryptos Under $0.01 Ready to Explode in 2025 and Turn $100 Into $10,000

Historical crypto charts indicate that small coins, costing less than a penny, often experience explosive…

July 25, 2025

Ruvi AI’s (RUVI) Audited Token Could Rival Ripple (XRP) This Cycle, With New CoinMarketCap Listing It Won’t Stay in Phase 2 Long

The cryptocurrency world is buzzing with excitement as Ruvi AI (RUVI) gains momentum as a…

July 25, 2025

BitLemons ($BLEM) Poised for Growth as BTC Tests $118K Resistance and ETH Surges Past $3,700 – Is This the Breakout Moment Investors Have Been Waiting For?

The cryptocurrency market is experiencing a pivotal moment as institutional money floods into digital assets…

July 25, 2025

Bitcoin Price Prediction: Bullish And Bearish Scenarios Explained

Bitcoin is currently in a quiet phase. The price has been moving sideways without any…

July 25, 2025