Are you thinking of investing in Chainlink’s native token LINK? The LINK price has been on a rollercoaster lately, with the market swinging between key support and resistance levels. LINK stumbled momentarily below $14.40, which led to some buying interest and a slight recovery. However, the $15.10 price action is still a significant barrier to bull momentum. The price has shown signs of indecision, so traders will watch to see if LINK can break through that price barrier. Let’s dive into what the charts tell us about the Chainlink token’s next potential moves.
Link Price Analysis of 28th April, 2025
The LINK Price opened on April 27 with bearish momentum, entering a sharp downward channel that pushed the price to a low of $14.48 around 07:10 UTC. During this drop, the RSI indicator hovered around the oversold zone, while the MACD displayed consistent bearish momentum. Despite this selling pressure, the Chainlink token found temporary support above $14.40 and attempted a minor recovery. Instead, the price quickly stabilized within a sideways channel between $14.68 and $14.40, keeping it a consolidative structure up to approximately 17:00 UTC.
Chart 1, Analyzed by Alokkp0608, published on April 28th, 2025.
After the sideways phase, the LINK transitioned to an upward channel beginning near 17:20 UTC, which had increasing buying pressure. The RSI moved out of the oversold territory into a neutral range between 50 and 60, suggesting improved sentiment. MACD lines attempted minor bullish crossovers during this phase, though momentum remained moderate. LINK climbed towards $14.82 by 22:00 UTC, encountering intermediate resistance near $14.80. Failing to extend higher, the price entered another downtrend channel, signaling exhaustion in buying interest before the day’s close.
As April 28 began, the downtrend persisted, pushing LINK briefly below the critical $14.35 support level around 01:45 UTC. The RSI again approached the oversold region between 30 and 40, and the MACD showed continued bearish crossings. However, bulls quickly regained control, forming an ascending channel from 02:05 UTC. This rally helped the prices reclaim lost ground, gradually approaching the key resistance level at $15.10 for a sustained LINK breakout. Buyers demonstrated stronger momentum during this recovery, consistently keeping the price above short-term moving averages.
LINK Price Outlook – What’s Next for Chainlink?
Currently, LINK is hovering close to the $15.10 resistance mark as of 07:30 UTC, facing stiff selling pressure. A successful LINK breakout above $15.10 can create momentum to rise to $15.30 and then to $15.50. However, if resistance is at $15.10, LINK could fall back to immediate support zones around $14.80 and then $14.60. The RSI is approaching the overbought area between 65 and 70, and the MACD is printing signs of bullish exhaustion, so attentiveness is advisable. Traders should watch a potential breakout attempt to the upside at or above $15.10 to see which direction LINK’s direction subsequently moves.
LINK’s Next Move – Will the Breakout Hold?
As the LINK price is trading close to $15.10, we should be on the lookout for a potential breakout. If the bulls continue to push higher upon breaching $15.10, we may see LINK move toward its following potential levels of $15.30 and $15.50. If resistance holds, I expect LINK to pull back down into support levels around $14.80–$14.60. Exercise caution with RSI nearing overbought levels and the MACD appearing to decrease momentum. A break above $15.10 may entice traders to push; however, if we cannot break this level, we might see LINK consolidate again. Watch these key levels for the next significant move.
Chainlink Price Analysis of April 30th, 2025
The LINK price action on a 5-minute chart on April 29, 2025, opened with strong bearish sentiment. By around 01:15 UTC, the price entered a defined downtrend channel, slipping from the $15.20 zone and reaching $14.87 by 05:50 UTC. MACD showed a death cross near 03:00 UTC, which aligned with momentum fading. RSI briefly touched overbought at the start, then fell sharply toward oversold, confirming bearish pressure. After reaching the lower end of this channel, the Chainlink token attempted to recover, climbing close to the $15.20 mark again. However, renewed selling emerged, forcing the price into a very tight sideways structure between $15.10 and $14.95 until roughly 11:20 UTC.
Chart 2, Analyzed by Alokkp0608, published on April 30th, 2025.
Following the consolidation phase, LINK price re-entered a pronounced downtrend channel that extended for several hours. The price declined in phases from approximately $15.00 area to the $14.60 vicinity from approximately 11:20 UTC to approximately 17:05 UTC. MACD made several death crosses of note (after 12:00 UTC and 15:45 UTC) that further contributed to downward impulsiveness. RSI dipped into oversold territory several times, suggesting buyers were not confidently stepping in. An attempted LINK recovery began at 13:55 UTC, but momentum lacked strength, and the sideways drift from 15:30 to 17:05 UTC showed indecision without breaking above key levels.
Key Rejections and Strong Support Test
From 17:05 UTC onward, a temporary LINK recovery pushed the price to $15.00 by 19:00 UTC, though the move lacked follow-through. Failing to break the resistance range between $15.00 and $15.10 led to a renewed bearish wave. A decisive selloff resumed post-19:00 UTC, continuing the broader downtrend channel. By 23:15 UTC, LINK price had tested the critical support level at $14.50, forming a localized bottom. During this time, MACD had turned strongly negative with a death cross after a failed golden cross attempt earlier. RSI again entered oversold territory, reflecting extreme bearish sentiment near the support zone.
The April 30 trading session began with the price hovering just above the support level of $14.50. From 00:00 UTC to around 03:00 UTC, LINK price experienced short-lived up and down swings. While it managed to rise slightly toward $14.70 at times, it failed to retest the $15.00 mark, indicating weak bullish conviction. MACD showed a golden cross during this period, yet the histogram remained flat, suggesting a lack of strong momentum. RSI hovered between oversold and neutral, with buyers struggling to gain control. The price action moved within a tight range above support, reinforcing the idea of continued pressure without a decisive breakout.
Link Price Outlook – What’s Next for Chainlink Token?
The chart’s most recent portion shows LINK’s price maintaining its position just above the key support at $14.50, as of 07:45 UTC. There were a few modest attempts to push higher toward $14.65–$14.70, but sellers consistently overwhelmed those efforts. The RSI has slipped again near oversold territory, and MACD recently formed another death cross, signaling fading momentum. Despite multiple golden crosses over the last 12 hours, none held strength for long. The price remains stuck in a weak sideways structure, unable to reclaim even $14.80, making a bearish continuation more likely unless a volume-driven reversal emerges.
Bearish Continuation Threatens Key Support Zone
LINK Price remains under significant bearish pressure, and unless a clear breakout above $14.80 or ideally $15.00 occurs, the price could revisit or fall below the $14.50 support. Momentum is weak, with MACD producing frequent but unreliable golden crosses and another fresh death cross confirming seller control. RSI repeatedly hovers near oversold, hinting at potential for rebound but no follow-through so far. The $15.10–$15.20 area remains the key resistance, while $14.40–$14.50 is crucial support. If this support breaks, the Chainlink token may target $14.20 next. For now, sellers dominate, and LINK recovery chances appear slim without a strong volume surge.
Chainlink (LINK) Price Analysis of May 2, 2025
The LINK price action on a 5-minute chart over the past 24 hours began with a continuation of a strong upward trend established in the early hours of May 1. After a LINK breakout above $14.55 around 04:55 UTC, this level flipped into a key support level. Price climbed steadily within an uptrend channel, reaching as high as $15.05 by around 11:00 UTC. The move was supported by a golden cross on the MACD near 06:00 UTC and a steady climb in RSI into overbought territory multiple times, indicating strong short-term bullish momentum during this up-leg.
Chart 3- Analyzed by Alokkp0608, published on May 2nd, 2025.
Following the rejection from $15.05, Chainlink token retraced sharply to around $14.70 by 14:00 UTC, marking the start of visible short-term weakness. Despite this pullback, buyers tested the resistance zone near $15.00 from 15:00 to 21:00 UTC in multiple attempts. RSI hit overbought conditions during this range, but momentum faded with each retest. MACD turned neutral to slightly bearish, showing two minor death crosses near 18:00 UTC and again around 20:00 UTC. These signals suggested buyer exhaustion and the formation of a temporary top under the resistance ceiling.
Failed LINK Breakout Attempts Signal Bullish Fatigue
Between 21:00 UTC and the start of May 2, LINK price entered a sideways path with a downward bias, ultimately slipping below $14.80. Price hovered between the $14.70 support region and the $15.00 ceiling but showed signs of weakness in maintaining bullish structure. MACD during this time was marked by decreasing histogram strength and a lack of bullish crossovers. RSI also trended lower, mainly in the middle range without pushing to extremes, reflecting indecisive sentiment. The failure to establish new highs on repeated Resistance Level tests added to bearish pressure heading into the new trading day.
After the sideways action overnight, Chainlink token price briefly rebounded during the early hours of May 2, reaching up to $15.00 again by 03:00 UTC. However, another sharp rejection from that resistance confirmed the strength of sellers at that level. This began a descending channel toward the key $14.55 support. By 06:00 UTC, the price steadily declined under lower and lower highs. The MACD confirmed bearish momentum with another death cross, while the RSI dropped below 40, approaching oversold conditions as selling pressure intensified.
Bearish Push Toward Support as Buyers Step Back
Most recently, the Chainlink token continued sliding lower after failing to hold above $14.70. The LINK price action moved downward toward the $14.55 support zone with increasing bearish momentum. MACD remains in a bearish crossover with a widening gap, and the histogram shows negative strength building. RSI has now dipped close to oversold levels again, indicating weakening buyer interest and rising downside risk. LINK may continue probing the $14.55 level without any bullish divergence or recovery signs. A clean breakdown here could open the path to lower zones around $14.40 if no reversal emerges soon.
LINK Price Struggles to Hold Ground Under Persistent Resistance
LINK’s short-term outlook remains bearish as repeated rejections from $15.05 have weakened upside momentum. The support at $14.55 is critical; if broken, the next level to watch is $14.40. Momentum is tilted downward, with RSI nearing oversold levels and MACD in a firm bearish crossover. LINK Price behavior shows no sustained bullish pressure, and recovery attempts lack conviction. The downtrend may extend if bulls reclaim $14.70 quickly and push above $15.00, confirming a LINK breakout with volume. Short-term traders should monitor for any bullish divergence or reversal near $14.55 for possible entry.
Chainlink (LINK) Price Analysis of May 06th, 2025
The LINK price action over the last 24 hours shows an initial steep decline followed by a series of range-bound movements. After opening above $13.90, prices quickly fell into a downtrend channel, dipping below $13.70 by 08:00 UTC. Momentum weakened sharply during this stretch, with the RSI dropping toward oversold territory and MACD showing a death cross just after 08:00 UTC, confirming downward pressure. This initial descent set the tone for the rest of the session, establishing $13.67 as a key mid-day low before entering a more gradual descending structure.
Chart 4- LINK/USDT M5 Chart, Analyzed by Alokkp0608, published on May 6th, 2025.
Between 10:00 UTC and 16:00 UTC, LINK price moved inside a descending trading range, hovering between $13.84 and $13.52. This sideways-sloping behavior reflected traders’ indecision and no clear LINK market trend, with both RSI and MACD offering mixed signals. The RSI briefly entered oversold territory near 12:30 UTC, while MACD formed a golden cross shortly afterward, hinting at possible support forming near the $13.50 level. Despite short rebounds, momentum remained weak, and no strong bullish breakout was seen during this stretch. The market looked content, consolidating its earlier losses.
Bulls and Bears Wrestle Within Tight Boundaries
From 16:00 UTC through to 00:00 UTC on May 6, LINK price shifted into a broader horizontal range bounded by the resistance at $13.85 and support at $13.40. Chainlink token oscillated between these levels multiple times, with rejection near $13.80 followed by sharp pullbacks close to $13.45. This confirmed a short-term sideways path driven by intraday LINK market trend shifts rather than clear trend conviction. RSI tested oversold zones twice, and MACD continued alternating between golden and death crosses, showing frequent but weak trend shifts.
Between 00:00 UTC and 03:00 UTC, volatility spiked as LINK price once again approached support near $13.40 but failed to break lower. A brief RSI oversold condition around 01:45 UTC marked a local bottom, followed by another golden cross on the MACD around 02:00 UTC, which helped fuel a modest price recovery. The bounce, however, did not carry enough strength to break above $13.65, keeping the overall bias neutral within the defined trading range.
Consolidation Takes Over in Early May 6 Trading
In the final part of the session leading into May 6, 07:00 UTC, Chainlink token settled into a narrow sideways path just under $13.60. The price showed little inclination to test either the resistance at $13.85 or the support at $13.40, signaling trader hesitation and low volume conditions. RSI hovered near the midline without any significant peaks, while MACD flipped to a fresh death cross just after 06:00 UTC, underscoring the lack of bullish drive. This quiet, directionless behavior suggests a wait-and-see stance from both bulls and bears going into the next trading session.
LINK Price Awaits Breakout as Momentum Flattens
LINK currently trades at $13.60, maintaining a neutral tone after 24 hours of confined price swings. Momentum is indecisive: MACD shows alternating signals with a recent death cross, while RSI is hovering near 52, reflecting a lack of dominance from either side. Support remains strong near $13.40, while resistance around $13.85 continues to hold back upward attempts. A break of either boundary could trigger the next directional move. If momentum builds above $13.65 with bullish confirmation on MACD, LINK price may challenge $14.00; otherwise, downside risk toward $13.30 remains if support fails. Until then, consolidation is likely to persist.
Chainlink(LINK) Price Analysis of May 8th, 2025
The Chainlink price action over the last 24 hours exhibits a strong transition from bearish consolidation to a bullish breakout trend. Between 09:00 and 12:00 UTC, LINK moved within a declining pattern, forming a shallow downtrend channel that tested the $13.50 support level around 16:30 UTC. RSI entered oversold territory three times during this interval, signaling temporary exhaustion before each short-lived bounce. Meanwhile, MACD triggered a death cross after 12:00 UTC, confirming bearish control during the mid-day slump. However, the price did not breach the $13.40 base, indicating strong demand interest at lower levels.
Chart 5- LINK/USDT M5 Chart, Analyzed by Alokkp0608, published on May 8th, 2025.
From 18:00 to 21:00 UTC, LINK price flattened out into a sideways path, trading in a narrow range between $13.60 and $13.90. This stabilization followed the bounce off the $13.50 support and was marked by several golden crosses on the MACD, hinting at early bullish re-entry. RSI climbed steadily but remained below 60, indicating a cautious but developing shift in buying pressure. Buyers used this range-bound phase as a consolidation ground, forming the base for the eventual Chainlink rally. Volume increased modestly, suggesting accumulation activity ahead of a breakout attempt.
Bulls Reignite Momentum With LINK Breakout Surge
The bullish momentum reignited between 21:00 UTC and 00:00 UTC, as LINK broke above $14.00 and entered a clean uptrend channel. This Chainlink rally extended into the early hours of May 8, with the first major LINK breakout at 02:25 UTC above the $14.20 resistance, now a flipped support level. MACD confirmed bullish dominance via a strong golden cross before the breakout, while RSI entered the overbought zone and stayed elevated throughout the move. This breakout was a key turning point, unlocking fresh demand. Price action remained steep, and candles printed higher highs, validating trend strength and low overhead supply.
From 03:00 to 06:00 UTC, LINK price attempted a secondary breakout after a brief sideways movement near $14.60. The price initially paused after touching this resistance but resumed the climb by 07:30 UTC, triggering a fresh breakout. RSI peaked again in overbought territory during this push, and MACD showed sustained bullish strength despite minor signal-line hesitation. The price trajectory was clean and steep, aligning closely with the trendline of the uptrend channel. The $14.20–$14.25 region now acts as a strong cushion for buyers, while $14.60, though briefly a barrier, is now retested support.
Consolidation Near Resistance After Breakout
Between 06:00 and 09:00 UTC, LINK entered a consolidation phase above $14.70 after breaking the $14.60 resistance zone. RSI cooled slightly from its overbought peak, settling just below 70, while MACD showed a minor convergence between signal lines, hinting at short-term fatigue. However, neither indicator suggested a bearish reversal—more of a pause than a pullback. Price structure maintained higher lows, and no major rejection candles were printed. This suggests buyers are still in control, digesting gains before a possible continuation. As long as LINK holds above $14.60, bullish sentiment remains structurally intact.
LINK Price Strengthens Above $14.70 as Bulls Defend Gains
LINK is showing strong bullish momentum following its breakout above multiple resistance levels, most recently crossing $14.70. With RSI remaining near overbought and MACD sustaining golden crosses through the Chainlink rally, momentum appears intact, though a cooldown may be near. Key support now lies at $14.25, while the next resistance target is around $15.00. The trend remains bullish unless LINK closes below the $14.20–$14.25 region. The LINK breakout structure and indicator behavior suggest a continued climb, with price projected to test $15.20 if the current uptrend channel holds firm.
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