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Chainlink (LINK) Price Prediction: Bears still have the edge as LINK tests key support and derivatives stay balanced

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Chainlink (LINK) Price Prediction: Bears still have the edge as LINK tests key support and derivatives stay balanced

Chainlink is trading at $10.09, below its 7-day, 20-day and 50-day moving averages, while the 200-day average sits almost exactly at $10.11. On Binance Futures, funding is neutral, open interest ha...

Chainlink is changing hands at $10.09, down 1.74% over 24 hours, after trading between $10.59 and $10.02. That puts LINK just under the Bollinger lower band at $9.98 and essentially on top of the 200-day simple moving average at $10.11, a level that matters because it often acts as a long-run trend divider rather than a clean trigger on its own.

The rest of the moving-average stack still points lower: the 7-day SMA is $10.48, the 20-day is $11.03, and the 50-day is $12.35. That is a bearish alignment, and it tells you the rebound has not yet repaired the broader downtrend.

Momentum is still soft, but not outright broken. The daily RSI is 35.20, which sits near the lower end of neutral rather than in a deep oversold regime. MACD is negative at -0.5281, with the signal line matching it and the histogram flat at 0.0000, so the tape is weak but not showing a fresh acceleration lower from this snapshot.

Stochastic readings are extremely low, with %K at 3.90 and %D at 3.12. That usually flags a market near short-term exhaustion, but by itself it does not mean a reversal is due.

66. 63 suggests LINK can move meaningfully around those levels without needing a major catalyst.



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