Chainlink (LINK) Technical Analysis on July 4, 2025: Market Trend Insights

Technical analysis of Chainlink on July 4, 2025, covering resistance, support, and indicators.

The technical analysis of Chainlink (LINK) on July 4, 2025, indicates a promising bullish trend contingent on several factors. Chainlink is currently trading around $13.65, up approximately 1.96% over the past 24 hours. This upward movement reflects buyers’ efforts to consolidate the price at higher levels, though the cryptocurrency market’s volatility remains a factor. Chart data reveals Chainlink moving within an ascending channel on the daily timeframe, formed since early June 2025. On the 4-hour timeframe, the price is forming a bullish pennant pattern, which typically precedes a bullish breakout. The RSI is at 56, suggesting moderate bullish momentum. The MACD has recently shown a bullish crossover, providing a positive signal for continued upward movement. Key resistance zones are located between $15.30 and $15.50, levels that have previously capped price advances. A breakout above this zone with high trading volume could activate a price target of $20. Conversely, major support zones lie between $13.58 and $13.90, with an additional strong support at $12.80, which could prevent further declines in case of a correction. Trading volume over the past 24 hours is approximately $507 million, indicating moderate market activity. Price action analysis suggests Chainlink is nearing the apex of the bullish pennant on the 4-hour timeframe. A breakout above $15.50 could confirm the $20 target, while a breakdown may push prices toward $12.80. The 50-day simple moving average at $13.60 acts as dynamic support, while the 200-day moving average at $13.50 indicates a bullish long-term trend. From a market sentiment perspective, Chainlink benefits from strong community support and ongoing ecosystem developments. Recent advancements in the CCIP protocol and new partnerships with financial institutions could bolster positive market sentiment. However, a bearish divergence on the RSI in the daily timeframe warns of potential correction risks. The short-term outlook for Chainlink is bullish, but holding the $13.58 support and breaking the $15.50 resistance are critical for sustaining this trend. Traders should closely monitor key levels and indicator signals while practicing effective risk management. Overall, the combination of bullish patterns, positive indicators, and strong support levels positions Chainlink favorably for short-term growth. However, traders should remain vigilant of market volatility and potential price corrections. Employing proper stop-loss strategies and monitoring trading volume can help mitigate risks.