Chainlink’s price remains stable around $13.15 despite the recent weekly decline of 2.70%.

Indicators signal a potential breakout as volatility tightens near key resistance.

Technical charts reflect buying interest after last week’s failed rally toward $14.00.

Momentum indicators show early signs of a shift toward renewed upward movement.

Chainlink (LINK) trades steadily at around $13.15, with minimal movement in the previous 24 hours. The 24-hour volume stands at $266.73 million, and the market cap is around $8.64 billion.

Despite this latest phase of stability for prices, however, the token has recorded a 2.70% decline over the previous week. Despite this dip, traders remain attentive to subtle shifts in technical patterns that could foreshadow a new upward move.

The overall chart setup reveals that LINK had attempted to go higher after stabilizing initially around $13.00. That impetus carried it to just within striking range of the $14.00 threshold, signifying a surge in demand and new bullish sentiment.

The rally was, however, suddenly reversed to cause a brisk drop that carried the token down below the $13.00 threshold. During the weeks that followed the drop, LINK was within a narrow consolidation range, moving between $12.75 and $13.25.

Lack of meaningful directional movement highlights that there is now indecision within the market, waiting for external stimuli or clearer directions.

Chainlink Momentum Indicators Support Upside Potential

Technical indicators show a building momentum that can break the token out of its range. Bollinger Bands are bullish and tight, with price action clustered around the midline at $13.06.

That is often a warning sign for a later breakthrough, especially when used with some further momentum signals. The Relative Strength Index (RSI) is 49.38, just down but trending slightly over that neutral 50 threshold. That slight bullish bias points to there being some underlying buying demand, but not enough to initiate a notable movement so far.

The MACD indicator offers more information, with just the MACD line having recently crossed above the signal line. Although both remain in negative territory, initial bullish momentum is being formed by green histogram bars.

Chainlink Key Levels to Watch in Near Term

If Chainlink breaks through resistance at $13.31, targets at $13.80 and $14.20 are possible. They are points of previous rejection and are likely roadblocks to higher ground.

On the bear side, a close below $13.00 exposes the token to further losses to $12.75 and possibly even $12.50. Traders are looking at those levels as LINK heads towards a key turning point.

Related Reading | Chainlink (LINK) Stuck in Tight Range as Bulls Defend $12.46 Support

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Filed under: Bitcoin - @ June 20, 2025 4:30 pm