Our LINK Price Prediction Summary
- LINK has broken below the key $13.00 daily support and is now threatening a multi-year rising channel on the weekly timeframe.
- Downtrend remains fully intact with lower highs and lower lows in place since August as bears are still in complete control.
- Near-term outlook stays bearish with $10.00 - $10.50 and $8.00 - $8.50 as the next major downside targets.
Analyzing the Charts
$13.00 Lost as Downtrend Continues
Switching to the 1-day timeframe, the picture is pretty clear. Today’s candle is already pushing below the $13.00 level and looks set to close underneath it, which would officially confirm the breakdown we’ve been watching. With the broader market still in freefall, losing that $13.00 zone opens the door for another leg lower in the coming days. Zooming out, LINK has been stuck in a textbook downtrend since August, printing a steady series of lower highs and lower lows. The bears have maintained full control this entire stretch, while the bulls haven’t managed to generate any meaningful pushback for months.
Weekly Break of the Long-Term Rising Channel
Pulling up the 1-week chart only reinforces the bearish case. For the first time in a long stretch, LINK is breaking below the rising channel that has contained price action since the 2023 lows. This week’s candle has already punched through the lower boundary, and a close beneath it would confirm the breakdown of a multi-year structural support. That kind of weekly structure failing usually signals a deeper correction at minimum, and in the current tape, it raises the real possibility that LINK is rolling over into a proper bear market phase.
Momentum and RSI Both Favor Continued Selling Pressure
The weekly RSI is sliding toward oversold territory, but oversold readings alone rarely stop a strong trend. Price can (and often does) keep grinding lower for weeks before any real bounce materializes. All of this is exactly why our near-term LINK price prediction remains firmly bearish.
Final Takeaway: What is Next for LINK?
Putting it all together, Chainlink has now lost the $13.00 daily support and is in the process of breaking a multi-year rising channel on the weekly timeframe. These are two major technical events happening at the same time while Bitcoin and the broader market continue to bleed lower. Until we see clear evidence of demand stepping in (a strong reversal candle with volume or a decisive reclaim of $13.00), the technical picture stays unambiguously bearish.
Next realistic downside targets sit around $10.00 - $10.50 (previous major low and psychological zone), followed by the $8.00 - $8.50 area if selling accelerates. Any bounces from current levels are likely to remain corrective and offer better short entries rather than sustainable reversals.
