Tony Kim
October 1, 2025 06:54
ChainLink will trade at $21.16 after a 1.95% decline, falling below both the 20-day and 50-day moving averages and maintain 200-day support at $17.05.
Market Overview
ChainLink’s native token link I’m trading $21.16down 1.95% over the last 24 hours, within the $20.96-$21.69 range. the current Link price It reflects ongoing consolidation under the main short-term moving average, with tokens 6.4% below the 20-day simple moving average of $22.61. The trading volume reached $56.58 million, indicating moderate market participation during this period of technical uncertainty.
Technical photos
Technical situation link We present a mixing outlook that includes several competing signals. The relative strength index is at 42.2, placing the tokens in neutral territory, but tilting towards the sold state. This suggests the possibility of bounce if purchase rights emerge at the current level.
The MACD indicator shows a more bearish story, with the histogram of -0.1503 still keeping it apart from checking downward momentum. This bearish divergence between price action and momentum indicators suggests that sellers remain in control in the short term.
The most important thing is link The 20-day moving average was below $23.36 for both the $22.61 and 50-day moving averages, representing a 6.4% and 9.4% decrease from these major technical benchmarks, respectively. However, the tokens remain a significant premium of 24.1%, surpassing the 200-day moving average of $17.05, leaving the long-term upturn route structurally unharmed.
Important levels to see
Primary resistance appears $25.64represents the first major hurdle for a sustained recovery attempt. A break above this level could cause additional purchase interest and target a secondary resistance zone near $27.87.
On the downside, it’s quickly supported $19.82consistent with recent swinglows and represents an important test of the bull. A critical break below this level could accelerate sales pressure on the 200-day moving average to $17.05.
Pivot Points $21.27 Sitting right above the current link/usdt It may act as a level and short-term directional catalyst. Retrieving this level in volume could mark the beginning of a relief rally to the $22.61 Resistance Zone.
Market sentiment
Market sentiment appears to be cautious following the recent decline, but last week there hasn’t been a critical news catalyst to foster directional movements. Current price measures suggest that traders are waiting for a clearer technical signal or fundamental development to establish a conviction in either direction.
The volume pattern shows medium engagement rather than panic sales.
Trading perspective
The current setup offers measured risk reward opportunities for various trading time frames. Short-term traders may think that oversold RSI readings could be bounced towards a $22.61 resistance.
Long-term investors may view current weaknesses as opportunities for accumulation, especially given their strong position above the 200-day moving average. However, a break below $19.82 could disable this bullish paper and target deeper retracement levels.
The key invalidation point remains a critical break below $19.82 on sustained volumes, potentially indicating a more significant fix to the $17.05 zone.
Conclusion
link Faced with key junctions at the current level, technical indicators suggest that the short-term weakness but long-term structure remains intact, making the $19.82 support level an important determinant of future directions.
Monitor the above key support and resistance levels for the latest link price updates and chain link analysis.
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