Chainlink Technical Analysis: July 12, 2025

Technical analysis of Chainlink on July 12, 2025, exploring support/resistance levels and indicators.

The technical analysis of Chainlink (LINK) on July 12, 2025, indicates a market with short-term bullish potential but a likelihood of retracement to support levels. Based on market data, Chainlink’s current price is approximately $14.935, reflecting a 0.87% increase over the past 24 hours. This price is near a key resistance zone around $15.38 to $15.60, which has repeatedly blocked further upward movement. On the daily timeframe, Chainlink has completed an inverse head and shoulders pattern, typically a bullish reversal pattern, suggesting a shift in momentum from bearish to bullish. However, a supply zone around $15.60 could trigger a liquidity grab and lead to a temporary pullback. The Relative Strength Index (RSI) is currently at 58, indicating bullish momentum but not yet in overbought territory (above 70). This suggests room for growth, though traders should monitor for signs of waning momentum. Key support levels are located between $13.58 and $13.90, which could act as a price floor during a correction. This zone aligns with a demand zone, making it an attractive entry point for buyers. If Chainlink breaks the $15.60 resistance with strong trading volume, the next target could be $20, aligning with the 1.618 Fibonacci level. The MACD indicator shows a bullish signal, with the MACD line approaching a bullish crossover above the signal line. However, trading volume has been somewhat volatile in recent days, which may indicate the need for further confirmation to sustain the uptrend. Traders should pay attention to Chainlink-related news, such as the expansion of the CCIP protocol or new partnerships in the DeFi space, as these can impact price. From a price pattern perspective, a bullish flag pattern is observed on the 4-hour timeframe, which could indicate a continuation of the uptrend. However, traders should wait for confirmation of a breakout from the bullish flag pattern in shorter timeframes to avoid potential price traps. Risk management using stop-loss orders below key support levels, such as $13.58, is highly recommended. Overall, Chainlink appears bullish in the short term, but traders should prepare for a possible pullback to $13.58. Continuous monitoring of indicators and price levels will aid in better decision-making.