Chainlink (LINK) Price Prediction: Bears Hold Control as Price Struggles to Stay Above $22 Support

LINK is currently trading around the $22.06 mark and continues to move in a downtrend on the lower timeframes. As highlighted in our previous analysis, the price managed to break above the immediate resistance at $23.0 but faced rejection right at the top of the Falling Channel pattern it has been trading within, just as anticipated. At the moment, LINK is hovering near the $22.0 support level and showing signs of indecision, as both buyers and sellers are actively trying to take control of this area. Let’s now look at the latest LINK charts to understand what to expect next and which levels are worth watching in the coming days.

Our Chainlink Price Prediction Summary

• LINK remains under bearish pressure as repeated rejections at the 50-day SMA and channel resistance keep the downtrend intact.
• The $22.0 support is the key short-term level, with a confirmed breakdown likely sending LINK toward the $20.0 zone.
• Momentum still favors sellers, and a bullish reversal will only be confirmed if LINK breaks above the Falling Channel with strong volume.

Analyzing the Charts

Rejection Confirms Ongoing Downtrend

Looking at the latest 1-day chart for LINK, the first key observation is that the price has once again faced rejection at the upper boundary of the Falling Channel pattern it has been trading within since August. The structure still shows a clear sequence of lower highs and lower lows, which confirms the continuation of the downtrend and the formation of this descending channel. However, it’s important to note that a Falling Channel is statistically considered a bullish pattern, as prices often experience a strong breakout once they move above it. For now, though, LINK appears to lack the momentum needed for such a breakout and seems to be gradually heading lower to retest the bottom of this pattern.

Support Levels Defining the Next Move

At the moment, the key level to watch on the daily timeframe is the support at $22.0, followed by the major support zone around the $20.0 region. LINK has been showing indecision around $22.0, with the price fluctuating slightly above and below this level over the past couple of days. It is also important to note that the recent rejection did not occur just at the top of the Falling Channel but also aligned with the 50-day SMA, which further reinforces the current bearish trend. If the price confirms a breakdown below $22.0, the next likely move would be a drop toward the $20.0 region. This move would still align with the broader structure, giving bulls a potential opportunity to rally from that area. However, if bearish pressure persists and Bitcoin also enters a short-term correction, the $20.0 support could fail to hold, opening the possibility for a deeper decline toward $17.5. Given this setup, the overall LINK price prediction remains bearish for now.

Price Action Shows Short-Term Indecision

Switching to the 4-hour timeframe, the price can be seen moving within a consolidation zone over the past few days around the $22.0 support level. This range reflects market indecision, as buyers and sellers continue to battle for short-term control. A confirmed breakdown below this consolidation zone would likely trigger a continuation of the downtrend, with LINK heading toward the next key support region around $20.0, where the market will test whether buyers can step in to hold that level.

Final Takeaway: What is Next for Chainlink?

Overall, LINK continues to show weakness on both the daily and 4-hour timeframes as the price remains within a Falling Channel pattern. The repeated rejections at the channel’s upper boundary and the 50-day SMA confirm that bearish momentum is still dominant. The $22.0 support remains the short-term level to watch, while the $20.0 zone stands as the major support area where buyers could attempt a rebound. Momentum indicators such as RSI are also showing limited strength, suggesting that sellers still hold control for now. Unless LINK manages to break above the channel and reclaim the 50-day SMA with strong volume, the LINK price prediction for the coming days remains bearish, with a possible retest of lower levels before any meaningful recovery attempt.