Chainlink (LINK) Technical Analysis on July 10, 2025: Market Outlook

Technical analysis of Chainlink on July 10, 2025, covering resistance, support, and indicators.

As of July 10, 2025, Chainlink (LINK) is trading at approximately $14.152, in a short-term consolidation phase with long-term bullish signs visible. This technical analysis examines the current market state, key resistance and support zones, and major indicators. Price Trend and Market Structure Analysis After peaking at $17.95 in early 2025, Chainlink entered a consolidation phase, fluctuating between $12.80 and $15.50. This price action suggests accumulation for the next major move. Daily and 4-hour charts show bullish patterns, such as higher lows, indicating sustained buyer interest. However, resistance at $15.30–$15.50, aligning with the 200-day moving average, has capped further upside. Resistance and Support Zones The key resistance zone is around $15.30–$15.50, which has rejected the price multiple times. A high-volume breakout (over 30% above the 20-day average) could target $17.95, consistent with previous highs. On the support side, $13.58 has acted as a strong demand zone, with $12.80 as the next critical support. These levels could prevent further declines if the price pulls back. Technical Indicators The RSI on the daily timeframe is at 55, indicating a neutral to bullish state. This suggests room for upward movement without being overbought. The MACD is nearing a bullish crossover, which could signal increasing bullish momentum. However, declining trading volume in recent days indicates trader caution. The 50-day moving average at around $14.80 acts as a key dynamic level. Price Pattern Analysis Chainlink’s daily chart shows a bullish flag pattern, with the price approaching the upper resistance line. A high-volume breakout could trigger a new bullish wave. From an Elliott Wave perspective, Chainlink may be in the third wave of a larger bullish cycle, potentially leading to significant gains. An inverse head and shoulders pattern is also forming on the weekly timeframe, signaling long-term bullish potential. Risks and Scenarios Bullish Scenario: If Chainlink holds the $13.58 support and breaks the $15.50 resistance, it could target $17.95 and potentially $20 by the end of summer 2025. Bearish Scenario: A break below $13.58 could lead to a drop to $12.80 or even $12.50, signaling a deeper correction. Conclusion Chainlink is currently in a short-term consolidation phase but shows long-term bullish potential. Traders should monitor volume and price action at the key $15.50 and $13.58 levels. Breaking the $15.50 resistance could spark a new bullish wave, while holding the $13.58 support is crucial for the bullish outlook.