- Chainlink price broke below $14 on Monday and traded as low as $13.45 amid a surge in volume.
- LINK is showing weakness as a bearish setup forms on the daily chart.
- Bears could target $10.97 if the decline accelerates near $13.
Chainlink is trading in a downtrend that reflects fresh selling pressure that has pushed Bitcoin below $95,000 and dragged leading altcoins into the red.
LINK, Chainlink’s native token, is hovering near the psychologically important $13 level as bulls struggle to hold ground.
This weakness follows the token’s failure to sustain momentum after bulls pushed prices to highs above $27.80 in August.
Recently, a drop below $20 — including a sharp 21% decline on October 10, 2025 — erased most of the gains built since the July 2025 rally. The price fell beneath $14 last Friday.
Could broader caution across the altcoin market allow for further downside?
Chainlink extends decline toward $13
At the time of writing, Chainlink has fallen about 13% over the past week. While bulls defended the $14 area, the token hit an intraday low of $13.45 on Monday.
One notable observation is that Chainlink’s trading volume remained elevated during the sell-off.
That sustained volume points to conviction among sellers, who have driven the price lower while a symmetrical triangle pattern developed on the chart.
Accompanied by a sharp 59% rise in volume over 24 hours to more than $837 million, LINK’s breakdown reflects the kind of activity seen during fresh downside volatility.
Indeed, the daily price chart now signals a possible death cross formation.
What is Chainlink’s price outlook?
Technical outlooks show key indicators turning bearish, with the 50-day simple moving average (SMA) set to cross below the 200-day SMA.
A death cross is a lagging indicator — it does not predict moves on its own before confirmation — but historically its appearance has often marked the start of extended bearish phases.
For Chainlink, the downside pressure goes beyond the potential death cross.
On the daily chart, the Relative Strength Index (RSI) has dropped below the neutral 50 level and is approaching oversold territory; RSI is currently around the mid-30s.
The Moving Average Convergence Divergence (MACD) also reinforces downside momentum: the histogram is negative and the MACD line sits below the signal line, indicating strong bearish momentum.
From a price-action perspective, the next major support cluster lies in the $11.77–$10.97 area.
On the daily chart, that zone previously acted as a strong demand area in April and June 2025.
However, if Chainlink can hold the psychological $13 threshold, the short-term outlook could see bulls aiming for the next key resistance near $15.55.
That level aligns with the prior golden cross region that preceded a move above $20 and the August highs near $27.
While a bullish recovery remains possible, a daily close below $13 would open the path for bears to re-test multi-year support closer to $8.50.