TLDR:

Chainlink trades near $15.35, with bulls defending key support amid fading momentum.
Chainlink has ranged between $13.46 and $16.32 over the past week.
RSI suggests cooling momentum as traders watch $16.20 resistance closely.
Volume is down 3.8%, raising doubts about a breakout without stronger demand.

Chainlink is showing early signs of a bullish recovery, but traders remain cautious. 

After a sharp rise earlier this month, LINK is now consolidating. The price is pulling back slightly after brushing a local high near $15.90. Buyers appear to be defending the $15 range, keeping the short-term structure intact. 

However, momentum may be fading, and the next few days could determine the direction.

Chainlink Price Holds Key Levels After Rejection Near $16

At the time of writing, Chainlink trades around $15.35, down 5.59% in the past 24 hours, according to CoinGecko. Despite the short-term drop, LINK has gained 13.7% over the past week. It has mostly ranged between $13.46 and $16.32 during that period.

LINK price on CoinGecko

Veteran trader Matthew Dixon noted on X that the price recently formed a higher low near $12. This shift in structure could signal an uptrend if LINK breaks past $16.20. So far, the $14.20 to $14.50 range has acted as a strong base after the latest breakout.

Dixon added that the RSI is hovering at 62.44 and starting to cool off. This suggests LINK may consolidate in the short term before making another move. A successful retest of the $14.50 to $15.00 area could keep bullish hopes alive.

However, traders are watching $16.20 closely. That was the recent rejection point and remains the immediate resistance. A clean break above it could open the door toward $18.50, with $20 being the psychological ceiling.

#Chainlink Price Analysis – July 2025#LINK $15.36, slightly retracing after a local high near $15.90.
Higher low around $12 and working toward forming a higher high — signaling a bullish structure shift.

RSI is at 62.44, trending upwards but showing early signs of cooling.… pic.twitter.com/B509U0EXha

— Matthew Dixon – Veteran Financial Trader (@mdtrade) July 15, 2025

LINK Volume Slows as Traders Eye Confirmation

Market activity is cooling slightly, with LINK’s 24-hour trading volume falling 3.8% to around $667 million. The price also narrowed to a $1.18 range in the past 24 hours, suggesting indecision.

Analysts believe volume needs to rise for any breakout to stick. Without a stronger demand, LINK could slide back into the $14 zone. A close below $13.50 would threaten the bullish structure forming since June.

The coming sessions could see LINK bounce between $14.50 and $16.00. If bulls push through $16.20, momentum could shift sharply. If not, the price may stall or pull back toward the June support zone near $12.

Chainlink’s current setup has potential, but only volume and price confirmation will drive the next move. Until then, traders are watching closely for a breakout or a breakdown.

 

The post Chainlink Price Analysis: LINK Hovers at $15 as Bulls Defend Key Support appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 15, 2025 12:24 pm