Chainlink’s 15% Plunge: Where Will LINK Go From Here?

Chainlink just got sucker-punched—LINK nosedives 15% in a brutal market correction. Is this the bottom, or just the start of a deeper descent?

Oracle networks don’t usually bleed this fast. The decentralized data darling got caught in a perfect storm of profit-taking and macro jitters. Now traders are scrambling to decode the next move.

Technical breakdown or buying opportunity? The charts scream caution—LINK sliced through key support levels like a hot knife through butter. But crypto’s institutional crowd still loves those sweet, sweet oracle solutions.

Prediction markets are split. Some see this as the inevitable comedown after LINK’s 2024 rally. Others whisper about accumulation zones and ‘smart money’ positioning. Meanwhile, retail bagholders are rediscovering the ancient art of stop-loss orders.

Here’s the cynical take: Another ‘infrastructure play’ learning that tokenomics matter more than tech when the bears come knocking. But Chainlink’s real-world integrations might just be the life raft it needs.

One more slip and it’s gone!

Several experts and analysts on X (formerly Twitter) discussed the current level of LINK, with some indicating it is a crucial point for the altcoin, while others believe it has strong upward potential.

On the 18th of June, an analyst made a bold prediction, stating,

“LINK is on the verge of the abyss; if it doesn’t bounce off the $12.5 support, it will be in trouble.”

Meanwhile, others took the opposite side, suggesting that this zone could reignite LINK’s momentum.

Despite geopolitical jitters between Israel and Iran clouding broader sentiment, LINK’s technical setup at this level has become a battleground between bulls and bears.

Price holds steady, but volume surges

At press time, LINK traded NEAR $13.15 with a 0.55% daily uptick. Trading volume spiked 10% within 24 hours, showing that market participants have started re-entering.

Source: CoinGlass

Moreover, data from CoinGlass showed $16.2 million in outflows from exchanges over the last week, suggesting strong accumulation.

This may help reduce sell pressure and support price recovery if it persists.

$9 million worth of bullish bets

Not only that, but traders also appear to be following the same path, as they have been found strongly betting on the bullish side.

CoinGlass data revealed $9 million in long positions concentrated around the $12.55 mark, while shorters built $3 million in positions near $13.35.

Source: CoinGlass

These levels indicate that bulls are currently dominating the altcoin.

Technical charts hint at…

According to AMBCrypto’s technical analysis, LINK appears bullish and poised for a potential price reversal.

The daily chart revealed that the current level of $13.15 is an area where LINK has previously shown upside momentum since late April 2025.

Source: Trading View

The $12.65–$13.15 zone has historically seen rebounds, and a hold here could target the $15–$16 resistance.

However, if LINK slips below $12.50 and closes under it on the daily chart, a 20% drop toward $10.15 could follow.