Technical analysis of Chainlink on June 30, 2025, covering resistance, support, and indicators
The technical analysis of Chainlink (LINK) on June 30, 2025, reveals a dynamic market with short-term bullish signals. Chainlink is currently trading around $13.34, up 2.68% in the past 24 hours, driven by increased activity in the Chainlink ecosystem, particularly in DeFi protocols and cross-chain interoperability. Charts indicate that Chainlink is approaching a key resistance zone between $15.30 and $15.50, which has recently blocked further price advances multiple times. On the daily timeframe, Chainlink has recently broken out of a bullish pennant pattern, accompanied by rising trading volume. This pattern is typically considered a bullish continuation pattern, indicating buyer interest. The RSI stands at 55, reflecting a bullish trend with moderate momentum, not yet in overbought territory. The MACD indicator is on the verge of a bullish crossover, supporting the potential for continued upward movement in the short term. A key support zone lies between $13.58 and $13.90, which has historically acted as a strong demand area. This level has prevented further declines multiple times, and buyers are expected to defend it during any price correction. A break below this support could push prices toward $12.35 or even $11.50, a plausible bearish target. From a price pattern perspective, the bullish pennant on the daily chart suggests upside potential. A break above $15.50 could drive prices toward $17.95 or even $20.00, potentially marking a new all-time high. However, declining trading volume near resistance may signal weakening momentum, which traders should monitor closely. Fundamental factors, such as the expansion of Chainlink’s CCIP protocol and new partnerships with financial institutions, have acted as bullish catalysts. Strong demand for Chainlink in U.S. markets has also been observed. However, crypto market volatility and macroeconomic factors, such as interest rate changes or geopolitical tensions, continue to pose risks. Traders should prioritize risk management. Setting stop-losses near $13.58 for long positions and $15.50 for short positions is advisable. Chainlink is likely to test the $15.50 resistance in the short term, but traders should prepare for a potential correction if this level isn’t breached.
Market Sentiment
The analysis suggests a short-term bullish trend, but a correction is possible if key resistance isn’t broken.
Key Points:
- Chainlink Technical Analysis
- Resistance and Support Zones
- Market Indicators