- Chainlink’s price broke below $14 on Monday and traded as low as $13.45 amid rising volume.
- LINK shows weakness as a bearish setup forms on the daily chart.
- Bears could target $10.97 if selling pressure intensifies around the $13 area.
Chainlink is trading in a downtrend that reflects renewed selling pressure which has pushed Bitcoin below $95,000 and left major altcoins in the red.
LINK, Chainlink’s native token, hovered near the key psychological $13 level as buyers struggled to hold ground.
This weakness follows the token’s failure to sustain momentum after bulls pushed it above $27.80 in August.
Recently, a drop below $20 during a sharp 21% slide on October 10, 2025 erased most of the gains accumulated since the July 2025 rally. The price fell below $14 last Friday.
Could the broader caution sweeping the altcoin market allow prices to deteriorate further?
Chainlink extends decline toward $13
At the time of writing, Chainlink has lost about 13% over the past week. While bulls defend the $14 area, the token recorded intraday lows of $13.45 on Monday.
A key observation is that Chainlink’s trading volume has remained elevated during the downturn.
That sustained volume suggests conviction among sellers, who have driven prices lower while a symmetrical triangle pattern formed.
Accompanied by a strong volume surge—up 59% in 24 hours to more than $837 million—the breakdowns in LINK reflect the typical behavior seen in fresh downside volatility.
As visible on the daily chart, the altcoin’s price action points to a possible death cross forming.
What is Chainlink’s price outlook?
Technically, key indicators are signaling bearish conditions, with the 50-day simple moving average (SMA) poised to cross below the 200-day SMA.
Death crosses are lagging indicators, meaning they are not inherently predictive before confirmation, but their occurrence has historically marked the start of extended bearish phases.
Daily Chainlink chart by TradingView
Downside signals for Chainlink extend beyond the potential death cross.
On the daily chart, the relative strength index (RSI) has fallen below the neutral 50 level and is approaching oversold territory. The RSI currently sits near 36.
Bearish momentum is further confirmed by the MACD: the histogram is negative and the MACD line sitting below the signal line points to strong downside momentum.
From a price-action perspective, the next significant support cluster lies in the $11.77–$10.97 area.
On the daily chart, this zone previously acted as strong demand in April and June 2025.
However, if Chainlink can defend the $13 psychological threshold, short-term projections could allow bulls to target immediate resistance near $15.55.
That level corresponds with a prior golden cross that helped bulls push above $20 and reach highs around $27 in August.
Bullish scenarios depend on holding key levels; a daily close below $13 would give bears a path toward revisiting a multi-year support zone near $8.50.