Luisa Crawford
Jul 10, 2025 03:35
Chainlink (LINK) surged 3.53% over the last 24 hours, reaching $14.37. With bullish momentum building, explore key levels, technical indicators, and trading strategies for July 2025.
Chainlink (LINK) has been capturing attention in the past week with its recent price surge and improving technical indicators. This article dives into the latest Chainlink news, technical analysis, and actionable trading recommendations for July 2025.
Recent News Analysis
Over the past seven days, Chainlink has made headlines due to key ecosystem developments:
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Partnerships and Integrations: Chainlink announced collaborations with prominent DeFi projects, further cementing its role as the leading oracle network. Notable integrations include partnerships with Layer-2 protocols for enhanced scalability.
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Cross-Chain Expansion: Chainlink’s Cross-Chain Interoperability Protocol (CCIP) achieved a milestone with increased adoption by blockchain networks, enabling seamless token and data transfers across chains.
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Staking Developments: The Chainlink staking initiative has gained traction, with participants earning rewards and strengthening the network’s decentralization.
These developments have contributed to renewed investor confidence, reflected in the recent price surge.
Technical Analysis
Current Market Metrics
- Price: $14.37
- 24h Change: +3.53%
- 24h High/Low: $14.38 / $13.81
- 24h Volume: $49,279,491
Moving Averages
- SMA (7-day): $13.70 (Bullish crossover with current price)
- SMA (20-day): $13.28 (Bullish trend continuation)
- SMA (50-day): $13.85 (Price slightly above, confirming short-term bullish momentum)
- SMA (200-day): $16.48 (Price still below, indicating a long-term bearish trend)
The 7-day and 20-day SMA suggest strong short-term momentum, while the 200-day SMA shows the need for further gains to confirm long-term bullishness.
Momentum Indicators
- RSI (14): 58.87 (Neutral to bullish, room for further upside)
- MACD: 0.0967 (Bullish crossover with Signal: -0.0780, Histogram: 0.1747 indicates growing momentum)
- Stochastic Oscillator: %K: 99.39, %D: 94.21 (Overbought zone, signaling a potential short-term pullback)
The RSI and MACD support a bullish outlook, though the Stochastic Oscillator warns of slight overextension.
Bollinger Bands
- Upper Band: $14.53
- Middle Band: $13.28
- Lower Band: $12.02
- %B: 0.9353 (Near the upper band, indicating strong buying pressure)
The price nearing the upper Bollinger Band suggests bullish momentum but also the possibility of consolidation.
Key Levels
- Resistance 1: $14.38 (Immediate resistance, already tested)
- Resistance 2: $17.16 (Major hurdle for a bullish breakout)
- Pivot Level: $14.19 (Strong support for bullish continuation)
- Support 1: $10.94 (Critical downside protection)
- Support 2: $10.26 (52-week low and ultimate support)
Trend
The overall trend is weak bullish, with short-term indicators pointing to continued upside momentum, though long-term resistance at $16.48 (200-day SMA) remains a challenge.
Trading Recommendations
Based on the current analysis, here are actionable trading tips:
For Short-Term Traders
- Entry Point: Consider buying near the pivot level of $14.19 or on dips closer to $13.85 (50-day SMA).
- Profit Target: Set initial targets at $14.38 (Resistance 1) and $17.16 (Resistance 2).
- Stop Loss: Place a stop loss below $13.28 (20-day SMA).
For Long-Term Investors
- Accumulation Zone: Accumulate below $13.50, focusing on the $10.94 support level if the price retraces.
- Upside Potential: A break above $16.48 (200-day SMA) could signal a long-term bullish trend reversal, with a path toward $20 and beyond.
Risk Factors
- Overbought conditions in the Stochastic Oscillator could lead to short-term price corrections.
- Broader market volatility or macroeconomic factors may pressure LINK’s price.
Conclusion
Chainlink (LINK) shows promising signs of bullish momentum, with a 3.53% 24-hour gain and strong short-term technical indicators. However, traders should remain cautious of overbought conditions and key resistance levels. Both short-term traders and long-term investors can capitalize on LINK’s potential by following the outlined strategies.
Stay updated on Chainlink’s developments and market trends to maximize your trading opportunities.
Image source: Shutterstock
