ChainLink (Link) prices have fallen by more than 20% over the last 30 days as investors search for signs of recovery. Link’s drop-off reflects the technical breakdown and the weakness of the broader crypto market, exacerbated by trader liquidation and mixed sentiment on key chain link network developments. That price action remains trapped in a descending trendline, with traders looking at breakouts or another 20% decline.
Several crypto experts and analysts on X (formerly Twitter) are discussing the current link price. Some have shown that now is an important point for Altcoin, while others believe it has a strong upward potential. “The link is on the verge of deep by. If it doesn’t bounce off the $12.5 support, then it’s going to be a problem,” said X’s link analyst.
ChainLink links have dropped to $12.50. This is a dangerous low that means it will decrease even further. Luckily, recent Coinglass data reveals a $106.2 million spill from the exchange last week. This suggests that links accumulate strongly within the dip. This could help reduce sales pressure and support price recovery if it persists.
Furthermore, traders seem to be following the bullish path of chain links, betting on the intensely bullish side. Coinglass data shows a long $9 million position concentrated on the $12.55 mark, while Shorters built $3 million at a position close to $13.35. Not only will you get these better victories by rebounding to this level, but ChainLink Link Asset etches the path back to over $14. Ultimately, next week could prove crucial for Link’s near future.
The link could increase next month, but its price momentum is weakening, according to a Concodex analysis. “According to current Chain Link price forecasts, the price of Chain Link is projected to rise by 3.05%, reaching $13.20 by July 19, 2025,” the analyst wrote. “According to our technical indicators, the current sentiment is bearish, with the Fear & Greed Index showing 54 (neutral).”
