Chainlink price is hovering at a key support level, and what happens next could decide whether LINK token makes its next big move higher.
Ali, an analyst from X, pointed out that if the Chainlink token manages to defend $20 as a support level, the next target could be as high as $47. His chart paints a clear picture of how the LINK price could move in the coming months.
Chainlink price has been climbing within a rising channel, bouncing between its lower and upper boundaries. Right now, LINK is sitting around $21, very close to the $20 level Ali emphasized. Holding this level could open the door for another strong rally. His chart shows that if momentum builds, LINK could climb past $30 and eventually test the upper boundary of the channel near $47.
Failure to defend $20, on the other hand, might drag the token lower toward the $18 zone before any recovery attempt. The key takeaway is that LINK is at a tipping point where a strong defense of support could set up a powerful run.
Technical Data From Investing.com Adds Context
Data from Investing.com shows technical indicators leaning bearish in the short term, which at first seems to conflict with Ali’s bullish channel outlook.
However, when looked at closely, the readings some mix sentiments where weakness is visible but not yet dominant enough to break long-term structure. As of September 30, 2025, the site’s analysis gave the following readings:
| Name | Value | Interpretation |
| RSI(14) | 43.465 | Selling pressure is growing |
| STOCH(9,6) | 33.472 | Price momentum is weak |
| STOCHRSI(14) | 41.276 | Limited upside energy, leaning toward sellers |
| MACD(12,26) | -0.67 | Bearish crossover is weighing on price |
| ADX(14) | 27.091 | Trend strength is moderate and undecided |
| Williams %R | -69.048 | Market is leaning toward oversold territory |
| Highs/Lows(14) | -0.1379 | Short-term bias is tilting to the downside |
Although most signals point to weakness, the oversold lean from Williams %R and the moderate ADX reading suggest that LINK still has room to hold its ground. This means the bearish pressure could fade if buyers step in around $20, which would align with Ali’s outlook of a rebound that leads to higher levels.
The LINK price is balancing between bearish technical signals and a potentially bullish long-term setup. On one hand, short-term indicators show weakness and call for caution.
Read Also: Uptober Rally Ahead? Hedera (HBAR) Price Prediction for October
On the other hand, the channel structure noted by Ali suggests that defending $20 could unlock a rally that pushes toward $47.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
