Chainlink Dips, But Is a Big Rally to New ATH Coming Soon?

TL;DR LINK pulls back 20% to key support zone after failing to hold above the $26 ￰0￱ reserves hit 143.7M LINK, the lowest in over a year, suggesting reduced sell ￰1￱ integrates with Canton Network, expanding institutional use of its oracle and CCIP ￰2￱ Pulls Back to Key Level After Recent Highs Chainlink (LINK) was trading near $21 at press time after falling 4% over the last 24 ￰3￱ the past week, the token has dropped by 14%. The current move represents a pullback of around 20% from the recent high of $26. The asset is approaching a short-term support between $19 and $20. This area acted as a resistance in previous ￰4￱ this zone might keep the existing trend structure ￰5￱ the price break below it, then lower levels may be considered, depending on other market conditions.

A broader support zone, ranging from approximately $11 to $14, has been active since ￰6￱ has built higher lows from that level, indicating a larger upward structure in place over the past several months. Michaël van de Poppe, a market analyst, described the current moment as a time to consider building ￰7￱ said, “ LINK is getting into a higher timeframe support zone ,” and believes there is a “ very high chance that will hold. ” He also mentioned the next move could lead to a “ new all-time high .” While some traders watch this zone closely, others are waiting for price ￰8￱ legendary moment to be scooping up some of your favourite #Altcoins . $LINK is getting into a higher timeframe support ￰9￱ high chance that will hold, and the next rally is likely the rally towards a new ￰10￱ — Michaël van de Poppe (@CryptoMichNL) September 25, 2025 Indicators Show Pressure, But Stabilization Possible Technical data on the daily chart shows LINK trading below the 20-day simple moving average of the Bollinger ￰11￱ midline currently sits near $23.

The price is now near the lower band, around $20. This may suggest the asset is short-term oversold, but the direction remains uncertain unless the midline is reclaimed.) will operate within the ￰12￱ has also joined Chainlink’s Scale initiative, which helps cover operating costs for oracles used in smart contracts.