NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

Analyst: Chainlink Looks “Weak and Heavy” as It Flashes Signs of Bearishness

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Chainlink has witnessed some intense selling pressure throughout the past couple of days, with the cryptocurrency being unable to mirror the gains seen by Bitcoin today.

These losses have struck a blow to its technical outlook, potentially opening the gates for it to see further downside in the coming weeks and months.

While speaking about its technical outlook, one analyst said that he is anticipating LINK to see significantly further downside unless bulls step up and reverse the ongoing downtrend.

He specifically is noting that the crypto is beginning to look “weak and heavy” as it trades near the lower boundary of its mid-term range that has been established throughout the past few months.

There is one strong support level that exists just below where Chainlink is currently trading at.

Its reaction to this level could illuminate its technical outlook, as a break below it may spark a capitulatory plunge similar to that seen early this month, during which time LINK hit lows of $9.00.

Chainlink Struggles to Hold Above Lower Range Boundary as Selling Pressure Ramps Up

At the time of writing, Chainlink is trading down over 4% at its current price of $11.63. This marks a notable decline from recent highs of $13.20 that were set just a few days ago.

The trading range that LINK has established throughout September exists between $11.20 and $13.20.

The cryptocurrency has posted strong responses to both of these levels throughout the past few days and weeks, and it is now fast approaching the bottom of this range.

If the $11.20 level doesn’t hold strong as support, a break below it could spark a capitulatory plunge that causes the crypto to see serious losses.

This potential decline could be similar to that seen in early-September when Chainlink dove to lows of $9.00 before rebounding.

Analyst: Buyers Need to Step Up and “Save” LINK Soon to Avoid Serious Downside 

While looking towards Chainlink’s market structure, one analyst explained that he is expecting Chainlink to see further downside unless bulls step up and reverse its ongoing downswing.

He is particularly looking towards Bitcoin for insight into where LINK may trend next.

“Link Marines better step in and save LINK soon. This…looks weak and heavy atm. If Bitcoin trips, even a little bit, I think Chainlink goes back under $10 again and stays there for a bit.”

Chainlink

Image Courtesy of Loma. Chart via TradingView.

How both Bitcoin and Ethereum trend in the near-term will likely also hold some influence over Chainlink’s trend.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Bull Run Is Over? These Signals Show Where The Market Is At

Bitcoin (BTC) has entered a critical phase in its cycle, prompting analysts to debate whether the long-standing bull run is...

Scott Matherson 8 hours ago
Cloudflare’s mega crypto revolutie - de eerste AI stablecoin officieel gemaakt

Cloudflare’s mega crypto revolutie – de eerste AI stablecoin officieel gemaakt

Cloudflare heeft aangekondigd dat er met NET een nieuwe dollar Stablecoin op de markt zal komen. Deze zal voornamelijk gebruikt...

Lars Diederiksen 10 hours ago
Bitcoin Price Recovery Hopes Rise

Pundit Says Bitcoin Is Still In A Bull Market Despite Price Crash; Here’s Why

Bitcoin has experienced a sharp price drop in recent days, but one well-followed crypto analyst remains undaunted. Popular chartist Egrag...

Sandra White 11 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Crypto news

Liquidity Wave Extends The Crypto Bull Run Into 2026, Predicts Raoul Pal

Jake Simmons 1 hour ago
Bitcoin

The Mobility Advantage: Why Bitcoin’s Portability Makes It Superior To Traditional Gold

Godspower Owie 2 hours ago
Ethereum

Ethereum Stuck Below $4,060: A Fakeout Or Fresh Leg Down To $3,600?

Godspower Owie 7 hours ago

Premium Sponsors

Press Releases

  • Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena, którego cena wynosi 0,03 zł, a celem jest 12 000 zł

    Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena...

    8 hours ago
  • Táto alternatíva Shiba Inu (SHIB) v nasledujúcich týždňoch prekoná očakávania a vyskočí z $0,00000012 na $15

    Táto alternatíva Shiba Inu (SHIB) v nasledujúcich...

    9 hours ago
  • Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących tygodniach wzrosnąć z 0,03 zł do 6 000 zł

    Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących...

    10 hours ago
  • イーサリアム...

    12 hours ago
  • 重要な経済指標を前に、市場は警戒感を強める

    ビットコイン 今後...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.