invezz.com
10 November 2025 21:37, UTC
Chainlink price movements have been shaped by both macro-level market trends and strategic partnerships, signalling that the next phase of the altcoin’s trajectory may be crucial for medium and long-term holders.
With the recent uptick, analysts are closely monitoring whether Chainlink can leverage its institutional collaborations and technical support to sustain momentum or if the recent rally is merely a temporary reprieve.
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Chainlink price recently bounced off key support levels around $15.50, reflecting short-term technical recovery after several weeks of decline.
This rebound aligns with a recovery from oversold conditions, as the RSI and MACD indicators are slowly recovering from historically weak points.
However, while daily price action shows indecision and moderate volume, the 30-day simple moving average around $17.22 poses a clear obstacle for further upward momentum.
Crypto Analyst CryptoWZRD highlights that a breakout above $16.9 could act as a trigger for a move toward $20, whereas failure to hold support levels between $14.5 and $15.0 may delay the next meaningful impulse.
LINK Daily Technical Outlook: $LINK closed bullish. However, we need more bullish price action from here. I’ll track the intraday chart development to get a quick scalp opportunity where Bitcoin’s overall sentiment is going to be the key driver of the market 🧙♂️
Despite this uncertainty, the bounce from the Fibonacci retracement zone suggests that buyers are re-entering the market in preparation for a potential recovery.
However, the formation of a weekly head and shoulders pattern adds a layer of caution for traders.
The neckline support around $10 represents a critical threshold, and breaking this level would confirm the bearish structure.
Unless Chainlink price can decisively breach resistance between $17.50 and $18.00, the current upswing appears more like a relief rally rather than a genuine trend reversal.
But while some analysts are bearish on Chainlink, others like Ali Martinez and James Easton see the possibility of the cryptocurrency soaring.
Ali identifies the $14 launchpad support zone as a critical retracement level capable of spurring medium-term rallies toward $50 if buying pressure increases.
If $LINK dips to $14, that’s my buy zone, setting up for a bull rally to $50.
Easton, on November 9, highlighted a symmetrical triangle forming over the past two years, highlighting the compression between rising support and falling resistance, which often precedes explosive upward moves.
We will look back at $LINK here & laugh.
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Beyond technicals, LINK price has benefited from significant institutional engagement, which strengthens its medium- to long-term outlook.
The recent partnership with Japan’s SBI Digital Markets marks a pivotal step in the adoption of Chainlink’s CCIP as exclusive cross-chain infrastructure for tokenised finance solutions in Asia.
Similarly, UBS conducted a successful pilot using Chainlink’s oracle infrastructure to enable on-chain subscription and redemption of a tokenised money market fund, demonstrating the practical integration of LINK into established financial systems.
Dinari has also joined forces with Chainlink and S&P Dow Jones Indices to bring the S&P Digital Markets 50 Index on-chain later this year, further reinforcing Chainlink’s presence in high-profile institutional projects.
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On the daily charts, LINK price continues to show sideways consolidation under a descending trendline.
Moderate volume, coupled with early upticks during rebounds, indicates gradual accumulation, as noted by CryptoWZRD.
Elliott Wave analysis, highlighted by Man of Bitcoin, shows a completed corrective phase with three advancing waves now forming from recent lows.
A break above $17.65 would validate the start of a new impulsive cycle, while higher lows above the 0.786 Fibonacci retracement near $13.3 keep upside prospects intact.
Support and resistance levels provide additional context for traders, with some analysts suggesting that maintaining above $15.75 could push LINK toward $17.25, with further resistance at $18.29 and $19.69.
Conversely, breaking below $15.75 may lead to a retest of $14.46, which could challenge the short-term bullish narrative.
Combining this technical outlook with ongoing institutional developments and historical accumulation patterns, it is evident that the market is at a potential inflection point that could define Chainlink’s price direction for the coming months.
