Will Chainlink (LINK) Surge? Latest Analysis Shows Chances!

Jakarta, Pintu News – Chainlink (LINK) has recently shown a significant decline, reaching a critical support level at $12.50. Analysis from CRYPTOWZRD on the X platform highlights that with reduced weekend liquidity, Chainlink (LINK) price volatility is expected to remain volatile. This requires close monitoring of intraday volatility, as clearer setups may take time to develop.

Selling Pressure Rising, Is Chainlink (LINK) Ready for Recovery?

CRYPTOWZRD emphasized that the daily closes of Chainlink (LINK) against Tether (USDT) and Chainlink (LINK) against Bitcoin (BTC) indicate a strong bearish sentiment. This reflects a broader withdrawal from Bitcoin (BTC) and highlights the sensitivity of the altcoin market to Bitcoin (BTC) movements. A healthier bullish candle appearance is required before a sustained recovery can take place.

Furthermore, CRYPTOWZRD pointed out that Chainlink (LINK) is in an extreme oversold condition, which statistically indicates a possible positive reversal. In the event of a surge, this is expected to trigger a sharp spike in Chainlink (LINK)’s price, changing the sentiment from bearish to bullish in no time.

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Chainlink (LINK) Bullish Signals Are Strong, But Bitcoin (BTC) Holds Control

According to CRYPTOWZRD, despite strong bullish signals from Chainlink (LINK), Bitcoin’s (BTC) price action over the weekend will remain a big influence, especially given the expected drop in liquidity. Therefore, the analyst plans to focus on charts with lower time frames, looking for quick scalping opportunities while waiting for clearer directional confirmation.

CRYPTOWZRD also highlighted that if buyers can take control, the next critical resistance level is $16, followed by a more substantial barrier at $19.50. Breaking these levels would signal that the tide has truly shifted, paving the way for a broader trend change rather than just a short bounce.

Chainlink (LINK) Intraday Setup Evolves Around $12.85 Decision Point

Further analysis shows that Chainlink’s (LINK) intraday chart remains bearish and highly volatile, which emphasizes the current market uncertainty. Price action has fluctuated around key levels, making a clear direction hard to believe without strong confirmation.

On the bullish side, analysts point out that a decisive break and sustained hold above the $12.85 intraday resistance could turn sentiment around. If buyers manage to establish support above this line, the setup will present an attractive long opportunity with an initial upside target near $14.40, where the next significant resistance is located.

Conclusion: Chainlink (LINK) Outlook in the Short Term

Despite some bullish signals emerging, Chainlink (LINK) is still heavily influenced by the price action of Bitcoin (BTC). Investors and traders are advised to stay alert to changing market conditions and prepare strategies accordingly. Monitoring key levels and technical indicators will be crucial in determining Chainlink (LINK)’s next price direction.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Chainlink Bears Push to $12.50. Accessed on June 23, 2025
• Featured Image: Finimize