Chainlink (LINK) Price Prediction: Bulls Eye Recovery, But Downtrend Remains Unbroken

LINK is currently trading around $18.50, showing some early signs of recovery on the lower timeframes. In our previous analysis, we expected the $20.00 support to give way, and that played out as selling pressure intensified, especially during the flash crash earlier this month. That crash briefly sent LINK down to $8.00, but buyers quickly stepped in and pushed the price back toward the $17.00 zone, where it managed to stabilize. Since then, LINK has been gradually attempting to reclaim lost ground. Its first major rebound attempt was rejected at the $20.00 resistance, but the price seems to be gearing up for another retest as momentum slowly builds again. With that in mind, let’s take a closer look at the current chart to assess whether LINK has enough strength to reclaim higher levels in the coming days.

Our LINK Price Prediction Summary

• LINK is attempting another recovery, but $19 to $20 remains the real test for momentum.
• The bullish divergence supports short-term upside, but the broader trend still leans bearish.
• A decisive breakout above $20 would signal strength, while another rejection likely sends price back to support.

Analyzing the Charts

Short-Term Momentum on the 4H Chart

Looking at the 4-hour chart, LINK is making another push upward, which appears quite similar to the previous attempt. The price is now approaching the familiar resistance zone between $19.00 and $20.00, the same area where bears stepped in earlier. They will likely defend it again, so this is where momentum gets tested. If LINK slows down or gets pushed back from here, the $17.30 level becomes the first area to watch for a potential pullback. For now, the price is pressing forward, and how it behaves around this zone will tell us whether the recovery has real strength behind it.

Bullish Divergence Supports the Bounce

On the 1-day timeframe, the structure is become more clear. LINK caught a bounce near the $15.50 support and has been attempting to recover from that region. The main region to pay attention to is still the $20.00 area, which previously acted as strong support before the breakdown. That zone is now expected to act as resistance. The rebound is also accompanied by a Bullish Divergence on the daily chart, which usually signals short-term relief rather than a full trend reversal. In setups like this, price either continues higher for a while or pauses in consolidation before sellers step back in.

Relief Rally or Just Another Lower High?

Despite the current bounce, it still looks more like a short-term relief rather than the start of a full recovery. LINK has been forming lower highs and lower lows for some time, and this move does not break that pattern yet. It could simply be another temporary push upward before price stalls and forms another lower high. For the trend to truly shift, bulls would need to reclaim the $20.00 region with strong volume, which currently seems unlikely given broader market conditions. Until that changes, the overall outlook for our LINK price prediction remains bearish.

Final Takeaway: What is Next for LINK?

LINK is showing signs of short-term recovery, but the broader trend is still tilted downward. The current rebound toward the $19.00 to $20.00 zone will determine whether buyers have enough strength to shift momentum or if this move is just another temporary relief rally. Indicators like the Bullish Divergence on the daily timeframe support the possibility of continued upside in the near term, but unless LINK manages to reclaim and hold above $20.00 with strong volume, the larger downtrend remains intact. For now, the focus stays on how price reacts at resistance. A clean breakout could open the door for further gains, while another rejection would likely drag LINK back toward its recent support levels.