Top Analyst Starts Accumulating Chainlink (LINK) Again Amid Market Panic: Here’s What He Sees
Chainlink price has been sliding for weeks, and the move has tested patience across the market. LINK price peaked near $27 in December before steadily drifting lower. Current trading levels around $12.3 look uncomfortable on the surface, yet one well-known analyst believes this zone deserves attention rather than fear.
Crypto Patel has returned to Chainlink with a clear plan, pointing to technical levels that he believes define a long-term accumulation area. His view arrives at a moment when sentiment feels fragile, which makes the timing notable.
What you'll learn 👉
Chainlink Price Pullback Sets The Stage for Long-Term Accumulation
Chainlink price weakness has been persistent, yet structure still matters. Crypto Patel highlights that LINK is trading around the 0.5 Fibonacci retracement near $12.29. According to his analysis, that level often marks the beginning of accumulation zones during broader market resets.
Further downside levels also feature in his framework. Crypto Patel points to the 0.618 Fib near $9.86 and the 0.786 Fib around $7.21 as areas where accumulation could continue if pressure remains. His commentary frames these levels as zones rather than precise turning points, emphasizing patience over prediction.
Targets discussed by Crypto Patel stretch much higher over time, though his focus remains on positioning rather than short term outcomes. That distinction matters when volatility dominates the conversation around LINK price.
Hourly Indicators Suggest Stabilization Is Taking Shape
Short term indicators offer a different lens on Chainlink price action. Hourly readings show a mix of neutral momentum and early buy signals, suggesting selling pressure may be easing rather than accelerating.
| Name | Value | Action |
|---|---|---|
| RSI(14) | 51.218 | Balanced momentum showing neither exhaustion nor excess |
| STOCH(9,6) | 62.935 | Momentum turning upward after cooling off |
| CCI(14) | 75.6788 | Positive momentum building above neutral levels |
| Highs Lows(14) | 0.075 | Higher lows forming on short time frames |
| Ultimate Oscillator | 52.029 | Gradual recovery in short term buying pressure |
| Bull Bear Power(13) | 0.196 | Bulls regaining slight control |
Taken together, these hourly signals point toward stabilization rather than a confirmed reversal. Buying interest appears to be returning cautiously, which aligns with Crypto Patel’s accumulation thesis rather than a sudden breakout narrative.
Daily Indicators Show Chainlink Price Still Under Pressure
Zooming out changes the picture. Daily indicators continue to reflect broader weakness in Chainlink price, reinforcing that the market has not fully reset yet.
| Name | Value | Action |
|---|---|---|
| RSI(14) | 38.402 | Weak momentum still favoring sellers |
| STOCH(9,6) | 26.347 | Oversold conditions failing to rebound |
| CCI(14) | -156.6969 | Strong negative momentum dominating |
| Highs Lows(14) | -0.7786 | Lower lows confirming downtrend structure |
| Ultimate Oscillator | 36.864 | Selling pressure outweighing recovery attempts |
| Bull Bear Power(13) | -1.772 | Bears maintaining control on higher time frames |
Daily readings suggest Chainlink remains in a corrective phase. Momentum has not yet shifted convincingly, which explains why Crypto Patel frames his approach as accumulation rather than anticipation of an immediate trend change.
What The Mixed Signals Mean For LINK Price Going Forward
The contrast between hourly improvement and daily weakness tells a familiar story. Short term stabilization often appears before broader trends shift, yet confirmation takes time. Crypto Patel’s analysis leans on that patience, using defined technical zones rather than emotional responses to price moves.
Chainlink continues to sit at the intersection of uncertainty and opportunity. LINK price may remain volatile, but the presence of structured accumulation plans highlights how experienced analysts navigate periods like this.
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Market conditions will continue to change, and the Chainlink price will respond accordingly in its own time. Watching how these indicators develop could offer useful clues about what comes next, especially as longer-term momentum begins to show its hand.
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