Chainlink is quietly holding its ground while the rest of the market swings between fear and boredom. A lot of traders are frustrated, LINK hasn’t made any explosive moves lately but when you zoom out, the LINK chart actually looks pretty solid. In fact, it might be one of the few altcoins that hasn’t lost its long-term bullish structure.
What you'll learn 👉
LINK Price Still Looks Strong on the Macro Chart
As analyst Rick Barber pointed out on X, LINK “has not lost any macro structure or support trends.” And that’s exactly what the weekly chart shows. Chainlink price has been moving inside a big ascending triangle since 2022, forming higher lows every time it retraces.
Right now, LINK is sitting around $16, resting right on top of the ascending trendline and the 200-week EMA, two areas that have acted as strong long-term support in past cycles. There’s also a big volume shelf just below that zone, showing heavy accumulation from earlier buyers.
@Rick_Barber/X
Rick’s “line in the sand” is $13.66, that’s the level he’s watching closely. If LINK closes below it on the higher timeframes, the bullish picture might need a rethink. But as long as it stays above that line, the setup still looks healthy.
Chainlink Indicators Hint at a Reversal
Momentum indicators are showing that LINK price could be gearing up for a bounce. The RSI has cooled off after being overheated, giving it room to push higher again.
The MACD is flattening out, which often happens before a new bullish crossover. And the Stochastic RSI is sitting deep in the oversold zone, that’s usually where reversals start.
Put all of that together, and you’ve got LINK sitting in a perfect confluence zone between $15.80 and $13.60, a range where many traders expect a strong reaction.
Key Levels and What’s Next for LINK
If LINK price can hold this support and push up again, the next target zone is around $18-$19, where we saw the last big rejection. A breakout above that range could open the door to $25-$28, the top of the current triangle pattern. That’s where the real macro breakout could begin.
Read Also: Chainlink (LINK) Maintains Super Bullish Structure Despite Market Turbulence
Chainlink fundamentals only add to the bullish case. It’s still the most dominant oracle network in crypto, securing billions in data feeds.
Its Cross-Chain Interoperability Protocol (CCIP) is gaining adoption across major DeFi and enterprise networks, a big step toward long-term utility and consistent demand for LINK.
Outlook for Chainlink
In short, LINK price is holding its structure while many other altcoins are breaking down. The 200EMA, the volume shelf, and the ascending trendline all line up in the same area, a perfect storm for a possible rebound.
As Rick Barber said, “Combine this with all that fundamentally is going for LINK right now, and I have absolute confidence that it will bounce soon, and this next effort will break us out of this trend and well beyond.”
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