Chainlink Price Analysis: Bulls Test $25 Resistance for LINK - Expert Analysis | Cryptochase AI
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Chainlink Price Analysis: Bulls Test $25 Resistance for LINK

Chainlink price analysis shows LINK around $23.40, slipping 0.34% on the day. The setup flags a neutral RSI and bearish MACD momentum, but the overall trend remains bullish over the longer horizon.

Price faces a key test near the $25 resistance. If bulls regain momentum, a move through $25 could open the path toward higher levels, but a sustained push may require improving momentum and volume. The current pullback doesn’t break the longer-term uptrend, but near-term risks exist as momentum indicators point to caution.

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Analysis

Context matters. The price is range-bound around a modest pullback, suggesting balanced supply and demand in the near term. A neutral RSI indicates no clear momentum signal, while a bearish MACD hints at downward pressure forming, even as the longer-term uptrend remains intact. The $25 level represents a local hurdle; a clean breakout above this resistance with convincing volume would shift the bias toward a resumed advance. Failing to clear $25 could invite further consolidation or a test of lower supports.

Key factors to watch include daily volume on attempts to breach $25, any fundamental catalysts or macro risk events, and whether momentum shifts back toward bullish territory if buyers step in near the current support levels. The absence of a clear momentum signal means traders should respect tighter risk controls and prepare for a choppy environment until a confirmatory breakout occurs.

Overall, the setup is cautiously constructive but non-committal in the near term. The long-term trend remains favorable, but near-term direction will depend on price action around $25 and accompanying volume.

Recommendation

Keep exposure limited and use tight risk controls. If LINK breaks and closes above $25 with above-average volume, consider a cautious long entry targeting the next resistance. On the other hand, if price fails to clear $25 and breaks below the nearby support, reduce risk and reassess the setup.

In practical terms, wait for a clear breakout above $25 or a decisive breakdown below the current swing low before committing new capital. Maintain a disciplined risk framework with stop protections and predefined profit targets tied to observable price levels.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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