Chainlink (LINK) Technical Analysis on July 11, 2025: Trends and Key Levels

Technical analysis of Chainlink on July 11, 2025, covering resistance/support levels, indicators, and market trends.

The technical analysis of Chainlink (LINK) on July 11, 2025, indicates a short-term bullish trend with signs of potential consolidation or correction. The current price of Chainlink is around $14.61, reflecting a 0.59% increase over the past 24 hours. This steady growth aligns with rising trading volume and positive momentum in the altcoin market, particularly driven by Chainlink’s recent partnerships with traditional finance institutions and advancements in its CCIP protocol. The 4-hour chart shows Chainlink forming a bullish pennant pattern, which typically precedes a bullish breakout. Key resistance lies between $15.30 and $15.50, a significant zone due to multiple past price rejections and accumulated sell orders. A breakout above this resistance could push Chainlink toward $17.95. Conversely, key support levels are located around $13.90–$14.80 and $12.50, which could serve as potential reversal points. Technical indicators provide critical insights. The RSI is currently around 60, indicating moderate bullish momentum but not yet in overbought territory (above 70). This suggests Chainlink has room for further growth, though traders should watch for waning momentum. The MACD is on the verge of a bullish crossover, confirming short-term upward momentum, but a narrowing gap between MACD lines could signal impending consolidation. Price patterns play a vital role in the analysis. The 4-hour chart displays a bullish pennant pattern, recently confirmed at $13.90, indicating buyer strength. However, a recent fakeout at $15.50 suggests high liquidity in this zone, potentially trapping traders. For traders, waiting for confirmation of reversal patterns, such as bullish engulfing candles or pin bars at support levels, offers a safer strategy. Trading volume reflects growing demand, consistent with recent developments in Chainlink’s ecosystem, including partnerships with traditional finance and the expansion of the CCIP protocol for enhanced cross-chain interoperability. However, potential selling pressure from upcoming token unlocks could impact the price trend and should be monitored closely. Overall, Chainlink is in a short-term bullish phase, but traders should focus on key resistance and support levels. A prudent strategy involves waiting for confirmation of a breakout above $15.50 or a bounce from $13.90 support. Based on current data, a short-term bullish trend is likely, but consolidation or a pullback to $13.90 is also plausible.