Chainlink Price Prediction: Bearish Divergence Signals Breakdown Toward $13.30

Recent indicators from both the hourly and weekly charts suggest that short-term support near $13.50 may come under pressure, with $13.30 emerging as a possible near-term target.

CVD and VWAP Divergence Highlight Hidden Distribution

In a recent post on X, technical analyst @olaxbt noted that LINK is exhibiting signs of bearish distribution. A key indicator supporting this view is the Cumulative Volume Delta (CVD), which has declined faster than the price itself.

This decoupling suggests that sellers have been unloading positions more aggressively than is visible on price charts, often considered a sign of “stealth distribution.” The Volume Weighted Average Price (VWAP) has also acted as dynamic resistance, with the price consistently trading below it during June 6–7.

Source: X

The 1-hour chart clearly shows a sequence of lower highs (LH) and price rejection around $14.20, reinforcing the downtrend. The CVD indicator, paired with its 14-period simple moving average, fails to show strength even as the price attempted minor rebounds. The inability of CVD to set new highs signals that buyers lack conviction.

This kind of divergence is commonly seen ahead of bearish continuation patterns, especially in a market already experiencing macro uncertainty.

Chainlink Price Prediction: 24-Hour and Market Activity Reflect Sustained Pressure

Additionally, the 24-hour performance of LINK reinforces this cautionary outlook. Price declined from highs around $14.00 to close at $13.62, posting a 2.24% daily loss. Price structure across the day followed a clear pattern of lower highs and lower lows, typical of a bearish continuation setup. Attempts to recover lost ground were met with resistance, and none of the rebound efforts managed to regain the day’s opening price level.

Source: Brave New Coin

Volume during the same period reached approximately $195 million, a modest figure relative to LINK’s average daily turnover. Importantly, the volume remained flat throughout the session, including during small bounce attempts, which suggests that buying interest was passive or absent.

This lack of volume confirmation underpins the view that short-term rallies are not driven by strong demand, and instead may be opportunities for exit rather than accumulation. With the market capitalization standing at $8.95 billion and a supply of 657 million tokens, LINK still retains its status as a key asset in the crypto ecosystem, though current technical conditions imply that sellers are likely to retain short-term control.

Weekly Indicators Point to Prolonged Weakness

On the other hand, the weekly chart of LINK adds to the bearish narrative, with the token closing the week at $13.59, representing a 3.43% decline. This marks another red candle in a series of recent losses, as the price struggles to break out of its downtrend.

The weekly candlestick range spans from $14.48 to $12.64, reflecting broad volatility and continued rejection near resistance. Lower highs and sustained weakness below $16 indicate that LINK remains locked in a longer-term corrective structure.

Source: TradingView

The MACD (Moving Average Convergence Divergence) is currently bearish, with the MACD line at -0.715 beneath the signal line at -0.585, and a negative histogram reading of -0.131. Though the MACD and signal lines appear to be converging slightly, there is no sign yet of a crossover that would indicate a trend reversal.

The Relative Strength Index (RSI) sits at 45.03, below the neutral midpoint of 50, further confirming a lack of bullish momentum. With RSI also trending downward, the current market structure suggests that unless LINK reclaims the $14.80–$15.00 zone, a retest of support near $13.30 or even $13.00 appears increasingly likely.

Outlook: LINK at Risk of Further Weakness Without Bullish Catalyst

While Chainlink price prediction continues to play a significant role in the decentralized oracle space, recent technical readings suggest the token may face additional downside in the short term. Indicators such as CVD divergence, VWAP rejection, low MFI, and a bearish MACD/RSI configuration on the weekly chart all support the view of a weakening trend.

If the price breaks below the $13.30 zone with accompanying volume, further declines toward $13.00 or $12.60 could follow. A reversal would require a move back above $14.50 with strong volume and bullish confirmation from momentum indicators. Until that occurs, the Chainlink price prediction leans bearish, with short-term consolidation or correction expected to persist.