**Chainlink (LINK) Price Analysis: Testing Key Support Near $13.97**
Chainlink (LINK) is approaching a significant long-term rising trendline that has provided consistent support during recoveries from peaks at $32, $25, and $21 since mid-2023. The current price action remains contained within a controlled range, indicating orderly trading supported by active liquidity.
Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are nearing levels previously observed before past price reversals, according to market data from Coingecko. This article dives into Chainlink’s latest price analysis as it tests this crucial support level, offering insights to help traders stay informed on crypto trends and potential recovery signals.
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### What is Chainlink (LINK)’s Current Support Level and Price Movement?
Chainlink’s support trendline is under close observation as the cryptocurrency returns to a rising base that has reliably held since mid-2023. Currently trading near **$13.97**, LINK has made its fifth contact with this trendline following pullbacks from higher levels around $18.
Market participants note stable range-bound movement between **$13.71** and **$14.44**, with intraday rebounds testing resistance near $14.40. The chart structure reveals a pattern of lower highs throughout 2025; however, the ascending support line remains a dependable floor.
Analyst Ali Charts highlights that LINK has repeatedly bounced from this trendline, underscoring its significance in preserving the market structure. This recent test comes after a downward slide from recent highs, emphasizing the trendline’s vital role in the ongoing cycle.
With a market capitalization approaching **$9.73 billion** and a fully diluted valuation near **$13.97 billion**, LINK shows resilience despite broader market pressures. Coingecko reports a 24-hour trading volume of approximately **$914.79 million**, reflecting sustained liquidity and strong investor interest.
LINK’s price often retraces to around **$13.80** after brief surges above **$14.20**, illustrating a balanced tug-of-war between buyers and sellers. The circulating supply stands at 696.8 million tokens out of a fixed total supply of one billion, supporting its robust position in the decentralized oracle network sector.
As Chainlink continues integrating with major blockchains to provide real-world data feeds, this technical setup attracts attention from both institutional and retail traders.
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### How Are Technical Indicators Influencing LINK’s Potential Reversal?
Analysts are closely monitoring momentum indicators as LINK nears macro support levels similar to those preceding earlier recoveries. Both the RSI and the Stochastic oscillator display downward trajectories, hovering near oversold zones observed in past reversal points.
Meanwhile, MACD histogram bars remain subdued below the zero line, signaling ongoing bearish momentum but hinting at potential crossover signals if support holds firm.
Market analyst Rick Barber shares that the price is approaching a broader support zone with indicators aligning for a possible shift. In preparation for this test, he recently de-risked 50% of his position while maintaining exposure for an early bounce.
Weekly candlestick charts reflect consistent rejection at a descending resistance boundary, capping rallies and funneling price action toward this pivotal trendline.
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### Fundamental and Market Context
Chainlink’s fundamental strength stems from its crucial role in enabling secure data oracles for smart contracts. Growing adoption across DeFi protocols and traditional finance integrations continues to bolster confidence in the asset.
Volume spikes during these support tests—often exceeding **$900 million**—provide liquidity buffers that help prevent sharp breakdowns. Experts emphasize that while short-term pressures remain, the trendline’s historical reliability through multiple market cycles positions LINK well for a measured response.
Broader market dynamics, including Bitcoin’s influence on altcoin trajectories, also impact LINK’s movement. As the leading oracle provider, Chainlink’s partnerships with entities like Swift and major banks underscore its utility and may enhance sentiment if this support level holds.
Price action within the $12 to $18 range has been orderly, showing no signs of panic selling. Analysts from platforms like TradingView note volume profile analyses suggesting accumulation near current prices.
This technical setup, combined with on-chain metrics such as increasing active addresses, points to underlying demand that could fuel a rebound if macro market conditions improve.
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### Frequently Asked Questions
**What factors support Chainlink’s rising trendline since mid-2023?**
The rising trendline has acted as dynamic support during declines from peaks at $32, $25, and $21. This reflects consistent buyer interest and growing adoption of Chainlink’s oracle services in DeFi and enterprise applications, maintaining structural integrity despite market volatility. Analysts note five successful defenses, highlighting its reliability for long-term positioning.
**Is Chainlink (LINK) poised for a price reversal near $13.97?**
Currently hovering near $13.97 at a key support trendline, LINK shows signs of potential reversal as RSI approaches oversold levels seen in past recoveries. Steady trading volume around $914 million supports liquidity. Historical price patterns indicate possible bounces from this level; however, confirmation depends on broader crypto market trends and breaking resistance above $14.44.
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### Key Takeaways
– **Trendline Reliability:** Chainlink’s rising support has held through five contacts since mid-2023, providing a strong foundation for potential recoveries.
– **Range-Bound Stability:** LINK trades steadily between $13.71 and $14.44, with active liquidity preventing extreme volatility.
– **Indicator Watch:** Key technical indicators like RSI and MACD are approaching levels linked to prior bullish shifts, warranting close monitoring.
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### Conclusion
As Chainlink (LINK) tests its critical support trendline near $13.97, its historical resilience and technical alignment offer cautious optimism for traders. With momentum indicators echoing prior reversal setups and steady volume sustaining liquidity, LINK remains a key player in the oracle ecosystem.
Investors and traders should stay alert for confirmation signals while positioning strategically ahead of potential macro shifts in the cryptocurrency landscape to capitalize on opportunities.
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*Stay updated on Chainlink and broader crypto trends to navigate volatile markets with insight and confidence.*
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