- Chainlink hovered around $13.15 following a 15% decline, testing the support zone which sparked previous rallies.
- Price movement remained in the same descending trendline. Traders were watching for either a break out or a 20 percent decline.
Chainlink [LINK] The price of the stock dropped by over 15% during the last week. However, at press time it was landing on an important level which could trigger a rebound.
Analysts and investors have been paying attention to the sell-off. Many are betting that there will be a recovery, but not everyone is in agreement on what happens next.
It’s all gone with just one more slip!
Several analysts and experts on X, formerly Twitter, discussed the current price of LINK. Some believe that it’s a critical point for altcoins, while others think it has a strong upward potential.
An 18th-June, a analyst I made an bold prediction.
“LINK is on the verge of the abyss; if it doesn’t bounce off the $12.5 support, it will be in trouble.”
Others took the opposing side. suggesting This zone has the potential to re-energize LINK.
LINK’s technical set-up at this level is a battlefield between bulls & bears, despite geopolitical jitters surrounding Israel vs Iran.
Prices remain stable, while volume increases
LINK was trading near $13.15 at the time of publication, with a daily increase of 0.55%. Within 24 hours the trading volume jumped by 10%, which indicates that traders have begun to reenter.
CoinGlass
CoinGlass data also shows that $16.2 million was taken out of exchanges in the last seven days, indicating a significant accumulation.
It may be possible to reduce this pressure, and if it persists, support the price recovery.
Bets of $9 million on bullish markets
Not only this, traders are also following the same course, and have been strongly found betting on bullish sides.
CoinGlass showed that longs held $9 million at the 12:55 mark while shorts built up $3 million near 13:35.
CoinGlass
Bulls dominate altcoins at these levels.
Technical charts hint at…
AMBCrypto’s technical analysis shows that LINK is bullish, and could be poised to reverse its price.
The chart shows that LINK is currently trading at $13,15, a price level where it has shown positive momentum in the past since early April 2025.
Source: Trading View
The $12.65–$13.15 zone has historically seen rebounds, and a hold here could target the $15–$16 resistance.
If LINK closes the day below $12.5 and slips further under, a fall of up to 20% towards $10.15 is possible.
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Source: ambcrypto.com
