The post Chainlink Price Prediction: LINK Eyes $14 After Breaking Downtrend Structure appeared on BitcoinEthereumNews.com.

Chainlink (LINK) Price Prediction has shown renewed movement across multiple timeframes following a prolonged downtrend that dominated most of Q2. After bottoming near the $11.00 mark, LINK has posted a V-shaped recovery on intraday charts, signaling short-term bullish momentum. Current price levels are approaching the key $13.50 resistance area, and market participants are closely watching whether the asset can extend gains toward $14.00. As indicators shift and structure breaks form, LINK’s medium-term trend is entering a pivotal phase. Short-Term Price Behavior and Technical Patterns The LINK/USD 1-hour chart from Open Interest reveals a dramatic shift in the short-term trend beginning June 23. After trending downward from above $13.80 to below $11.00 between June 17 and 22, the pair found strong support near the $11.00 zone. This led to a swift recovery characterized by a bullish engulfing candle and a rally that pushed the price back to the $13.50 resistance region. The move resembled a sharp V-shaped rebound, suggesting a strong market reaction to the oversold level. Source: Open Interest Since reaching the $13.50 region, LINK Price Prediction has entered a consolidation phase. Price action has fluctuated between $13.00 and $13.50 without a clear breakout. This behavior reflects an ongoing struggle between buyers and sellers, with the $13.50 mark acting as the upper resistance zone. Meanwhile, support is holding near $13.00, forming a narrow trading range. A breakout above $13.50 could potentially open the path toward the $14.00 level, whereas failure to hold $13.00 may trigger a renewed move toward lower supports. Chainlink Price Prediction: Volume, Open Interest, and 24hrs Market Sentiment Open interest data provides insight into how the market is responding to recent price changes. Aggregated figures have declined from over 3.25 million to around 3.22 million during the consolidation phase, suggesting that traders are reducing exposure or locking…

---

Filed under: News - @ June 26, 2025 10:27 pm