Price Analysis View Non-AMP

Chainlink Price Analysis: $10 or $19 Next for LINK?

Published by
Steve Muchoki
  • Chainlink price failed to breach a crucial resistance level above $15 in the recent mild crypto recovery.
  • Chainlink adoption rate has gradually grown in the past months, possibly bolstering possible bullish sentiment.

The wider altcoin market, including Chainlink (LINK), experienced low bullish sentiment on Monday, as Bitcoin (BTC) price got rejected again above $95k. More than 113k crypto traders were liquidated over $267 million, mostly involving long traders.

As a result, the heating up crypto leveraged market slightly cooled down, amid anticipated bullish sentiment. The total crypto Open Interest (OI) had dropped around 1 percent in the past 24 hours to hover about $119 billion on Monday, during the mid-North American session.

Since October 2023, Chainlink price has signaled bullish sentiment, after consistently closing above the resistance range between $8.3 and $9.5 and subsequently converting it to a robust support level.

However, the large-cap altcoin, with a fully diluted valuation of about $14.7 billion and a 24-hour average trading volume of about $420 million, recently revisited the support level of around $10. With LINK price having formed lower lows and lower highs YTD, fears of further capitulation are palpable.

From a technical analysis standpoint, LINK price has already breached the daily falling logarithmic trend, signaling the bulls have regained control. Furthermore, the daily MACD line crossed above the zero line in the past week, for the first time since February 2025. Additionally, the daily Relative Strength Index (RSI) pumped above the 50 percent level in the past few days, for the first time since February.

According to crypto analyst Ali Martinez, LINK price is well primed for a momentum shift, with a potential pump above $18 soon.

Growing Ecosystem Favors Bullish Sentiment

The Chainlink network has grown into a robust ecosystem bolstered by rising adoption by institutional investors. In the past few weeks, the Chainlink network announced 18 integrations across its services. Some of the notable recent Chainlink network interactions include with ApeChain, Avalanche, Base, BNB Chain, Celo, Ethereum, Gnosis Chain, Hemi, Lisk, MegaETH, Metal L2, Mint, Monad, Optimism, Polygon, Ronin, Soneium, Superseed, and Zora.

On Monday, Chainlink network welcomed Kamino Finance, a top-tier lending DeFi platform on the Solana (SOL) ecosystem with over $2 billion in total value locked (TVL). 

Consequently, the organic demand for LINK will continue to rise exponentially, and eventually trigger parabolic growth in the coming months.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

Experts Believe 1 Of These 3 Cryptos Will Dominate 2025 Like Shiba Inu (SHIB) Did In 2021

Shiba Inu’s 2021 surge still echoes through crypto forums, and analysts now say one of…

July 25, 2025

Pi Coin Under Pressure: Security Concerns Rise as Price Hovers Near Lows

Pi Coin has had a rough run lately. Prices are low, and users are worried…

July 25, 2025

Dogecoin (DOGE) Skyrockets 17%, But This Crypto Could 3x Faster With Only 10% Supply Left

Dogecoin (DOGE) has recently captured headlines with an impressive 17% surge, reigniting excitement among traders…

July 25, 2025

Cardano Price Today Holds Steady at $0.81: Is a $1 Breakout Next?

The Cardano price today is trading at $0.8118 after a recent correction of over 12%…

July 25, 2025

How Gen Z Investors Can Turn $100 in Ozak AI Into Their First $20,000 in Crypto

The presale of the Ozak AI project is ongoing and gaining serious traction as the…

July 25, 2025

Top XRP Price Prediction For 2025

With XRP recently breaking past $3.60 and sparking fresh excitement, analysts are dropping some bold…

July 25, 2025