Chainlink LINK Tests Critical $25 Resistance Level Amid Market Uncertainty

Chainlink (LINK) is currently testing critical market dynamics as it hovers NEAR key support levels. The token fell 3.11% to $21.08, with trading volume dropping 26.57% to $711.01 million—indicating weakening momentum. Over the past week, LINK has declined 13.38%, reflecting broader market uncertainty.

Analysts identify $20.3 and $17.5 as crucial support zones. A breach below these levels could see LINK slide toward $13. Conversely, overcoming resistance between $24-$25 may catalyze a rally toward $37-$38. Market observers note accumulation activity but caution that mid-$20s resistance remains a significant barrier.

Matthew Dixon highlights LINK's failed June breakout attempt at $28-$30, followed by a retreat to current levels. The $20-$22 range now serves as a battleground between bulls and bears. Success rates—the metric tracking LINK's oracle reliability—could influence whether institutional players defend these levels or capitulate.