Chainlink Technical Analysis: Market Trends on June 15, 2025

Technical analysis of Chainlink on June 15, 2025, focusing on resistance, support, and indicators.

On June 15, 2025, Chainlink (LINK) is in a short-term corrective phase, reflecting selling pressure in the market. The current price stands at approximately $12.982, down 0.46% over the past 24 hours. This technical analysis examines key resistance and support zones, critical indicators, and potential market trends. **Resistance and Support Zones** Chainlink’s primary resistance zone lies between $12.98 and $13.20. This range has recently capped upward moves, acting as a strong barrier. A breakout above this level could lead to a push toward $14.35. Conversely, key support is found between $12.50 and $12.70. This zone has previously served as a price floor and is likely to attract buyers if the correction persists. **Technical Indicators** The Relative Strength Index (RSI) is at 48, indicating a neutral signal with a bearish bias. This level suggests the market is neither overbought nor oversold, but selling pressure is slightly dominant. The 50-day moving average (MA50) is around $13.5, and the current price is below this level, reflecting short-term seller dominance. The 200-day moving average (MA200) at approximately $12.3 serves as a long-term support. **Price Pattern Analysis** On the daily timeframe, Chainlink has formed a bear flag pattern, typically considered a continuation pattern for a downtrend. This pattern emerged after a decline from the $14.45 level, indicating a loss of bullish momentum. On the weekly timeframe, Chainlink is in a consolidation range between $12.50 and $15.50, ongoing since early 2025. This consolidation may signal accumulation for a potential next move, but bearish pressure currently dominates. **Potential Scenarios** In the short term, Chainlink is likely to test the $12.50 to $12.70 support zone. This level could offer a buying opportunity at lower prices. If the price stabilizes above $13.20, a retest of the $14.35 resistance becomes likely. Trading volume at these key levels will be critical in determining the next market direction. Traders should monitor price reactions closely. **Conclusion** Based on current data, Chainlink faces short-term selling pressure with potential consolidation at key support levels. However, strong support zones below provide a buffer against sharp declines. Traders should prioritize risk management and wait for confirmation signals at critical levels. External factors, such as news about Chainlink’s network developments or institutional adoption, could influence the trend, but the current technical analysis emphasizes short-term bearish pressure. Recent analyses highlight Chainlink’s long-term potential due to its critical role in the DeFi ecosystem and institutional partnerships. However, in the short term, traders should remain cautious and focus on volume changes and price behavior at key levels.