Chainlink Price Alert: LINK Breakdown Threatens Plunge to $10–$8 Zone
Chainlink's price structure cracks—key support gives way, putting the oracle network's token on a collision course with lower levels.
The Technical Breakdown
A critical chart level has failed. That breach opens a path downward, with the $10 to $8 range now looming as the next major battleground for buyers. It's a classic technical playbook: once a floor vanishes, gravity tends to take over.
Market Mechanics in Play
This isn't about Chainlink's fundamentals—its oracle networks are humming along. This is purely a market momentum story. Sellers have seized control, and until a new base forms, the path of least resistance points south. Watch for volume; a high-volume drop confirms the bearish conviction.
The Trader's Dilemma
For bulls, it's a waiting game. Catching a falling knife is a great way to get cut. The smarter play? Let the sell-off exhaust itself and watch for stabilization in that $10–$8 zone. That's where the next significant fight will happen—if the buyers show up. If not, lower targets come into view.
A drop to these levels would, ironically, create a fascinating setup. It would shake out weak hands and offer a potential entry at a steep discount from previous highs—just in time for the next narrative shift, whenever the financial media decides to pivot from doom to boom.
TLDR
- Chainlink price breaks multi-month channel, confirming bearish continuation
- Former $13.50–$14.00 support flips into near-term resistance
- Loss of long-term trendline signals macro trend reversal
- Exchange flow data supports downside risk toward $10–$8
Chainlink price remains under sustained pressure after confirming multiple technical breakdowns across daily charts. Analysts point to deteriorating structure, lost trend support, and weak FLOW data, with downside targets clustering between $10 and $8 if selling persists.
The latest price action reflects a shift from prolonged consolidation into an acceleration phase lower. While short-term bounces remain possible, prevailing indicators continue to favor further downside unless key levels are reclaimed.
Chainlink Price Breaks Descending Channel Support
Analyst CRYPTOWZRD showed a decisive breakdown from a multi-month descending channel. Price failed to hold the lower blue trendline, which had previously acted as temporary support. This loss confirms bearish continuation after a series of lower highs and lower lows since the mid-2025 peak NEAR $28.
Chainlink price now trades at around $12.16, reflecting exhaustion following a sharp decline. Although a short-term relief bounce remains possible, downside volume remains elevated. Analysts note that former support between $13.50 and $14.00 has flipped into resistance, limiting upside recovery attempts.
Furthermore, the broader channel projection points lower if momentum remains unchanged. Any rally toward resistance is viewed as corrective rather than trend-changing. Downside targets are placed near $10.00–$11.00 initially, with extension risk toward $8.00 if selling accelerates.
Chainlink Price Structure Shifts Bearish
Meanwhile, analyst Ali Charts highlighted the loss of a critical long-term ascending trendline that had supported chainlink price since early 2024. Multiple failed retests weakened the structure before price finally broke down, flipping the macro trend bearish. This breakdown invalidated a multi-year bullish framework.
Price action currently hovers near $12.63, which aligns with the first projected downside level following the trendline violation. Analysts caution that failure to stabilize here could trigger cascading stop losses, accelerating declines toward $9.96 and potentially $7.73.
Moreover, relief rallies are viewed with caution. Unless price reclaims the broken trendline above $14.99, upside moves are likely to face selling pressure. The clean nature of the breakdown increases the probability of extended downside before meaningful accumulation emerges.
Exchange Flow Data Reinforces Bearish LINK Price Outlook
Additionally, Coinglass exchange Flow data reinforces the negative technical outlook. Persistent net outflows throughout 2025 indicate holders moving LINK off exchanges, often during periods of declining confidence. Recent spikes in outflows coincided with price drops below $15.
The yellow price trend on the chart confirms weakening demand, with limited inflow responses during sell-offs. Although reduced exchange supply can limit immediate selling, the absence of sustained inflows suggests buyers remain hesitant at current levels.
Furthermore, cumulative outflows have intensified during the latest decline. This dynamic can amplify volatility if key supports break. Analysts note that meaningful stabilization may only occur near $10–$8, where on-chain clusters historically attract longer-term buyers.
Chainlink price remains at a technically fragile juncture. Until resistance is reclaimed and flow dynamics improve, downside risks toward lower support zones remain the dominant narrative.
