Chainlink Price Prediction: Link Holds Support as Traders Eye Higher Targets on New Setup

The latest data show LINK trying to stabilize after a long downtrend, while traders watch whether this base can support a stronger move higher.

Notably, that setup matters for spot traders, swing traders, and holders tracking whether LINK can finally break its repeated lower-high pattern. Price is still well below its all-time high, but the latest rebound has put support, resistance, and breakout targets back into view.

Analyst Data Indicate LINK Testing a Long-Term Base

A recent chart from analyst mapped two upside levels if the structure turns higher. One target was marked near $25.52, while a higher long-range target was placed near $47.96. Those levels are not current market prices, but they show how the analyst is framing the next move if support holds and a breakout confirms

An X post from Don Wedge said LINK is moving through an important update phase, with price sitting inside a wide blue support zone that has held across multiple cycle lows.

The chart indicates repeated descending structures pressing into the same base area, followed by recovery attempts. That pattern suggests traders are watching whether LINK is building a durable floor rather than extending the long decline.

Market Data Shows Short-Term Price Recovery

Even with the recent drop, market data indicates buyers stepped in after early weakness. LINK is still down 83.55% from its all-time high of $52.70, reached on May 10, 2021. Even so, the latest recovery matters since it lifted the price back toward the upper end of the daily range and kept LINK above the same support area shown in the analyst chart.

The market report indicated that BraveNewCoin data placed Chainlink at $8.67, up 1.78% over 24 hours. The chart showed a daily low of $8.29 and a high of $8.70, indicating LINK recovered about $0.41 from the session low to the high. Market capitalization stood at $6.13 billion, while volume totaled $270.97 million. Available supply was listed at 708.10 million LINK.

Technicals Show Link Still Below Major Resistance

Technicals added another layer to the picture. MACD also stayed weak, though not deeply bearish. The MACD line stood at -0.12, while the signal line was -0.06 and the histogram was near -0.06. That tells traders that momentum is still mixed even after the daily gain. For now, support sits around $8.30 to $8.40, while resistance starts near $9.07 and then $9.83.

Meanwhile, TradingView showed LINK/USDT opening at $8.42, reaching a high at $8.92, touching a low at $8.40, and closing at $8.87, up 5.34% on the day. Bollinger Bands placed the upper band at $9.83, the middle band at $9.07, and the lower band at $8.30. LINK closed below the middle band, which means the price improved but still has not cleared the first major resistance area.