Chainlink Technical Analysis: Market Trends in 11 of June 2025

Technical analysis of Chainlink on June 11, 2025, evaluates key support/resistance levels and indicators to forecast market trends.

As of June 11, 2025, Chainlink (LINK) is trading at approximately $12.8, undergoing a corrective phase after peaking at $20 earlier in 2025. Chainlink’s critical role as a decentralized oracle network, connecting real-world data to blockchains, makes it a standout project in the DeFi ecosystem. Technical analysis indicates a long-term bullish structure, supported by an ascending channel in monthly timeframes. In the short term, the price is oscillating within a consolidation range between $11 and $14.45. The key resistance zone lies between $14.35 and $14.45, where recent selling pressure has been observed. A breakout above this level could drive the price toward $20. Key support levels are found between $11 and $12, aligned with fair value gaps (FVG) in the 4-hour timeframe. This zone has previously acted as strong demand and could prevent further declines. Should this support fail, the next level is around $9.8. The Relative Strength Index (RSI) on the daily chart is at 48, indicating neutral conditions. Bollinger Bands show price compression, with the current price below the midline (20-day moving average), suggesting mild bearish pressure. The 50-day and 200-day moving averages (MA50 and MA200) are converging, with MA50 acting as dynamic support around $12.5. An inverse head and shoulders pattern is visible on the daily timeframe, signaling a potential continuation of the uptrend if the $14.45 resistance is breached. Declining trading volume in this consolidation range suggests the market is awaiting a catalyst. Traders should monitor for a volume spike to confirm a breakout. In Elliott Wave analysis, Chainlink may be completing a corrective wave, with the next bullish wave potentially pushing prices toward $35–$44. Factors like the expansion of the Cross-Chain Interoperability Protocol (CCIP) and new partnerships could serve as bullish catalysts. However, the crypto market is heavily influenced by external factors like Bitcoin volatility and geopolitical news. Overall, Chainlink may face a short-term correction toward $11, but its medium- to long-term outlook remains bullish. Traders should closely monitor key levels and indicators for precise decision-making.