Chainlink has cooled off a bit after its strong late-October move, but overall, it’s still looking pretty healthy.
On the 4-hour chart, LINK price is sitting around $17.30 after a quick dip and recovery. Buyers stepped in fast near the mid-$16 area, while sellers continued to block any strong push into the high $17s. That’s the battleground as we head into November.
What you'll learn 👉
What the LINK Chart Is Telling Us
Even with the pullback, LINK is still holding a bullish structure. That bounce from about $16.5–$16.8 created a higher low, which is what you want to see if the trend is still alive. Now the key question becomes: can LINK break above $17.9–$18.2?
That level has shut down the last two attempts to push higher. If buyers finally break through it, then we’re likely talking about a move toward $18.8 and maybe even $19.5.
But if the LINK price falls back below $16.8, then the price probably slides into the $16.0–$16.2 zone again to test support.
Indicators: Not Bullish Yet, But Getting There
Momentum right now is pretty neutral. The RSI is sitting right around the mid-40s, which usually means the market is just catching its breath rather than trending hard in either direction.
MACD is flat too, showing that selling isn’t accelerating, it’s more like the market is waiting for a reason to move again.
Open interest is slowly rising, which means traders are getting back involved, and interestingly, there are slightly more short positions in the market now. If resistance breaks, those shorts could add fuel to the upside in a short squeeze.
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LINK Price Outlook
So what’s the most likely scenario? If LINK can close above $17.90, the momentum crowd probably jumps back in.
From there, $18.20 and $18.80 become the first real targets, and a strong daily close above $18.80 could spark a move toward $19.50–$20.20.
But if the LINK price slips under $16.80 again, then the market probably needs to reset in that $16–$16.20 support area with a chance to work down into the mid-$15s before bouncing.
Right now, bulls are defending well, sellers aren’t showing much strength, and the market seems like it’s coiling up for a bigger move. The moment the price breaks out of this range, November could get a lot more interesting for LINK holders.
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