Chainlink (LINK) started the week at $23.57 after a modest gain of 1.62%. Trading volume for the coin rose to $1.1 billion for 24 hours. This was a massive jump from last week’s trading activity level. Traders are being positive but cautious with their trades. The weekly chart of LINK is down by 3.08%. Market sentiment remains mixed.
Analysts believe that LINK’s short-term direction is reactive to support levels. The coin temporarily traded below a key trendline. It quickly bounced above $23. This recoil indicates intense demand at spot levels. Traders aim for $26 for their next resistance level. A pullback below $23 can trigger demand for the $19.5–$20.5 zone.
Bullish market narratives favor LINK gains
Crypto analyst CryptoPulse reports a daily bounce after LINK’s short trendline violation. Analysts expect to hold above $23 potentially opening room for further gains. Such a scenario would be consistent with positive market explanations. Momentum trades can take advantage of small rallies. Meanwhile, risk-averse investors wait for a support test.
Daily technical view points that a miss of $23 support could bring downward regions into focus. LINK can see demand materialize between $19.5 and $20.5. These regions were key demand centers in the recent past. Market commentators predict rapid action to a steep fall. If LINK can manage to stay above key support could be all that determines short-term direction.
LINK long-term prediction
DigitalCoinPrice predicts that LINK can cost $51.77 in December of 2025. Some experts even anticipate breaking through the old all-time maximum of $52.88. Main experts pinpoint a likely trading range of $46.60 – $51.77, indicating positive prospects for the distant future.
Conversely, Changelly’s forecast needs at least $17.21 and no more than $20.95 in 2025. Average rates can be $24.68, with a -10.2% possible ROI. In September of 2025, experts foretell that LINK can hit $23.79 or decline to $22.42, with $23.11 being average.
