In the past seven days, the price of Chainlink (LINK), which was hovering around $15 for the previous week, has dropped 2%. LINK was a hot topic during altcoins season. Many experts predicted it would reach $20. Investors are concerned that the asset has corrected below $16 since it regained its previous value.
LINK has hit 16 dollars thanks to increased exchange withdrawals totaling approximately 11,27 million dollars. Bitcoin experienced a dramatic surge last week that may have sparked a shift in the cryptocurrency industry’s sentiment. The asset had reached an all-time record high of $111,000, before retreating at the end of the week. Bulls have been able to seize LINK momentum for this reason.
Traders keep an eye on key levels of the LINK/USDT charts to determine where Chainlink may go. LINK faces resistance 2025. This is a $20 level that sellers have stepped up before. A push past that could send LINK toward a $25–$26 area. Beyond lies a mid-term target of $28–$30, matching late-2024 highs. Alternatively the longer LINK remains at $16 and below the greater the risk that the asset will fall.
Also Read: Chainlink Whales Add 25M LINK as Price Eyes This Next Key Level
Moreover, Chainlink whales increased their activity recently around Chainlink LINK. A According to recent report, Wallets that hold between 100,000 and ten million LINKs have risen to 375 millions, up from 350,000,000 since February. Data shows that there is a dramatic increase in the number of large transactions. It is considered a sign of a positive whale-like sentiment by the most prominent institutional investors.
CoinCodex’s analysts don’t seem too optimistic about Chainlink’s future. “According to our current Chainlink price prediction, the price of Chainlink is predicted to rise by 0.81% and reach $ 15.78 by June 27, 2025,” The analysts claim. “Per our technical indicators, the current sentiment is Neutral.” CoinCodex doesn’t suggest LINK will return to $20 until August 2025, where they project an average price of $ 21.54.
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Source: watcher.guru
