Chainlink Technical Analysis: Market Outlook for June 10, 2025

Technical analysis of Chainlink on June 10, 2025, covering support/resistance zones and indicators.

The technical analysis of Chainlink (LINK) on June 10, 2025, indicates a market with significant growth potential, influenced by broader cryptocurrency trends and advancements in the Chainlink network. Currently, Chainlink is trading around $12.94, reflecting a 1.35% decrease from the previous day. However, signs of readiness for a short-term bullish move are emerging, encouraging traders to reassess their strategies. **Support and Resistance Zones** The key resistance zone for Chainlink lies between $14.45 and $14.6. This level has recently acted as a strong price ceiling, repeatedly halting upward momentum. A breakout above this zone could propel Chainlink toward $20 or even $35. On the downside, the primary support zone is between $12.41 and $12.5, which has served as a solid price floor, preventing further declines. Should this support fail, the next level to watch is around $11. **Technical Indicators** The Relative Strength Index (RSI) on the daily timeframe stands at 53.8, indicating balanced conditions with a bullish bias. This level suggests the market is not yet overbought, leaving room for growth. The 50-day moving average (MA50) is around $12.8, while the 200-day moving average (MA200) is near $12.1. The price is currently above both moving averages, supporting a mid-term bullish outlook. The MACD shows a weak buy signal, with the MACD line recently approaching the signal line, indicating emerging bullish momentum. **Price Pattern Analysis** On the daily timeframe, Chainlink is forming an Ascending Triangle pattern, typically a sign of bullish continuation. The price is currently near the upper resistance line of this pattern, and a breakout above $14.45 could confirm it. On the 4-hour timeframe, the price is moving within an ascending channel and is near the channel’s midline. This could signal an imminent bullish move if the $12.5 support holds. A recent increase in trading volume also indicates growing trader interest in this asset. **Market Outlook and Recommendations** Based on current data, Chainlink is likely to experience a mild bullish move toward $14.45 in the short term. Traders should closely monitor the $14.45 to $14.6 resistance zone, as a breakout could trigger a strong bullish rally toward $20 or higher. If a price correction occurs, the $12.41 level could provide a buying opportunity at lower prices. Risk management is critical in this volatile market, and setting stop-loss orders is highly recommended. In the mid-term, Chainlink retains strong bullish potential, with the possibility of reaching levels like $44, supported by market structure and growing adoption of the Chainlink network in DeFi and real-world asset tokenization projects. Fundamental factors, such as the Cross-Chain Interoperability Protocol and strategic partnerships, further bolster this outlook.