- Chainlink’s price fell below $14 on Monday, plunging to an intraday low of $13.45 amid a surge in trading volume.
- LINK is showing weakness and has formed a bearish setup on the daily chart.
- If the weakness intensifies around the $13 level, bears could target $10.97.
Chainlink is trading in a downtrend, reflecting fresh selling pressure that has dragged major altcoins lower while Bitcoin slipped below $95,000.
The native token LINK is hovering near the psychologically important $13 mark, leaving bulls on the back foot.
Notably, this comes after the token failed to sustain momentum following an August peak above $27.80.
Recently, LINK plunged below $20, losing much of the gains it had accumulated since a rally that began in July 2025. On Friday the price dropped under $14.
Will the broader caution across the altcoin market push the price even lower?
Chainlink could extend losses toward the $13 area
At the time of writing, Chainlink has fallen about 13% over the past week. Although bulls were defending the $14 area, the token hit an intraday low of $13.45 on Monday.
One key observation is that trading volume has remained elevated during the downturn.
That suggests conviction on the sell side, as traders have pushed the price lower while a symmetrical triangle pattern formed.
With volume spiking sharply — rising 59% over a 24-hour period to more than $837 million — LINK’s breakdown reflects the volatility typically seen in new downside waves.
Indeed, the altcoin’s daily price chart signals a potential death cross formation.
What does the Chainlink price outlook look like?
Technical indicators are flashing bearish signals: the 50-day simple moving average (SMA) is poised to cross below the 200-day SMA.
A death cross is a lagging indicator, meaning it is not inherently predictive before confirmation, but historically its appearance has often marked the start of extended bearish phases.
Signs of downside pressure for Chainlink extend beyond the death cross.
On the daily chart, the relative strength index (RSI) has slipped below the neutral 50 level and is approaching the oversold region. The RSI currently sits near the mid-30s (around 36).
The moving average convergence divergence (MACD) also confirms downside momentum: the histogram is negative and the MACD line sits below the signal line, pointing to strong bearish momentum.
From a price-action perspective, the next significant support cluster lies in the $11.77–$10.97 range.
On the daily chart, that area previously acted as strong demand in April and June 2025.
However, if Chainlink can hold the psychological $13 level, the near-term outlook could see bulls testing immediate resistance close to $15.55.
That resistance aligns with the prior golden cross formation that preceded the breakout above $20 and the August high near $27.
Conversely, a bullish scenario invalidated by daily closes below $13 would open a path for bears to revisit the multi-year support area around $8.50.