Chainlink ($LINK) Crypto Forecast: Down 5.4% Today

What is Chainlink?

Chainlink (LINK) is a decentralized oracle network that allows smart contracts to securely access real-world data. Recent market fluctuations have impacted various assets in the cryptocurrency market.

Why is Chainlink going down?

LINK crypto is down 5.4% on Aug 5, 2025 21:55

• A comparison made by Chainlink co-founder Sergey Nazarov between Chainlink's CRE and Ethereum's early success may have heightened investor expectations, leading to a temporary increase in interest.
• However, if investors viewed the comparison as overly optimistic or had doubts about the practical execution of the Chainlink Runtime Environment, it might have prompted profit-taking and a subsequent downtrend.
• The recent bearish market movement could also be influenced by general market trends or traders taking profits following LINK's recent price surges.

LINK Price Chart

LINK Technical Analysis

LINK News

Sergey Nazarov compares Chainlink's CRE to Ethereum's early breakthrough

Chainlink co-founder Sergey Nazarov said the Chainlink Runtime Environment could be as transformative as the Ethereum Virtual Machine.

https://cointelegraph.com/news/chainlink-cre-sergey-nazarov-evm-impact

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Chainlink Price History

10.05.2025 - LINK Crypto was up 6.1%

• The recent positive movement in LINK can be linked to a surge in real-world utility and positive market sentiment, reflecting increased confidence in the project's technology and potential.
• Reaching a key support level last week also adds to the optimism surrounding LINK, attracting more investors to the project.
• The general bullish trend in the cryptocurrency market today likely further supported LINK's price, as investors show a willingness to take risks and explore alternative assets like LINK.

05.07.2025 - LINK Crypto was down 5.4%

• A comparison made by Chainlink co-founder Sergey Nazarov between Chainlink's CRE and Ethereum's early success may have heightened investor expectations, leading to a temporary increase in interest.
• However, if investors viewed the comparison as overly optimistic or had doubts about the practical execution of the Chainlink Runtime Environment, it might have prompted profit-taking and a subsequent downtrend.
• The recent bearish market movement could also be influenced by general market trends or traders taking profits following LINK's recent price surges.

17.06.2025 - LINK Crypto was up 5.2%

• LINK's price surge is propelling it towards the $18 mark, fueled by the merging realms of traditional finance (TradFi) and decentralized finance (DeFi).
• The integration of LINK by prominent entities like Westpac and Imperium Markets within Project Acacia is playing a crucial role in stabilizing and driving the cryptocurrency's price upwards.
• The amalgamation of optimistic technical indicators and institutional uptake is speculated to be the primary force behind LINK's current rally, hinting at heightened confidence and interest in the project throughout the crypto community.

30.04.2025 - LINK Crypto was down 5.6%

• Etoro's expansion of US crypto offerings may have diluted the market demand for Chainlink, leading to a bearish movement.
• Despite being highlighted for a potential rally, increased selling pressure mentioned in the price prediction analysis could have contributed to LINK's downward trend.
• The launch of Katana Blockchain with Chainlink may not have had an immediate positive impact on LINK's price, as market sentiment could be focused elsewhere.
• The resilience shown by LINK amidst struggles faced by other cryptocurrencies like PI might indicate a temporary setback rather than a long-term trend, potentially leading to the bearish movement.

22.06.2025 - LINK Crypto was down 5.6%

• The bearish movement in LINK today could be attributed to profit-taking by traders after a period of bullish momentum.
• Despite positive developments surrounding Chainlink, such as the adoption by institutions like Westpac and Imperium Markets, the market sentiment may have shifted temporarily.
• The anticipation of a potential rally to $18 based on a bullish pattern might have led to some investors selling off their positions, causing a short-term dip in the price.
• It's important to consider that cryptocurrency markets are highly volatile, and price fluctuations can occur rapidly based on a variety of factors beyond just recent updates.

03.06.2025 - LINK Crypto was up 6.7%

• LINK experienced a strong bullish movement today despite the overall market volatility.
• The completion of the monthly rebalancing for Virtune's crypto index ETPs may have boosted confidence in the cryptocurrency market, indirectly benefiting LINK.
• Chainlink's announcement of a new compliance standard targeting institutional crypto flows could have attracted more investors to the project, contributing to its bullish movement.
• Despite some on-chain data signaling overhead pressure, the positive news surrounding LINK's compliance standards and institutional adoption likely outweighed short-term concerns, driving the bullish momentum.

02.06.2025 - LINK Crypto was up 5.8%

• LINK exhibited a strong bullish movement today despite some overhead pressure indicated by on-chain data earlier.
• Revealing a compliance standard and targeting institutional crypto flows worth $100 trillion could have boosted investor confidence in Chainlink's long-term potential.
• The completion of the monthly rebalancing of Virtune Crypto Altcoin Index ETP, which includes LINK, may have also contributed to the positive sentiment surrounding the token.
• Amidst the profitability of major cryptocurrencies like Bitcoin and Ethereum, the emphasis on LINK's compliance standards and institutional adoption could have differentiated it and attracted more investors, resulting in the bullish movement.

02.06.2025 - LINK Crypto was up 5.0%

• The completion of the monthly rebalancing of Virtune Crypto Altcoin Index ETP may have brought positive sentiment to the overall cryptocurrency market, including LINK.
• On-chain data signaling overhead pressure for LINK might have initially caused a slight decline, but the announcement of a compliance standard and targeting institutional crypto flows likely boosted investor confidence, leading to the bullish movement.
• The partnership between Chainlink and Mastercard to enable over 3 billion cardholders to purchase crypto directly on-chain could have significantly contributed to the positive price action of LINK, showcasing its utility and potential for mainstream adoption.
• Despite potential profit-taking risks, the overall bullish movement of LINK today indicates strong investor interest and confidence in the project's future prospects.

20.05.2025 - LINK Crypto was down 5.6%

• The bearish movement in LINK today could be attributed to profit-taking by traders after a period of significant price gains.
• Despite positive news about potential increased usage due to the GENIUS Act, market sentiment may have been influenced by broader cryptocurrency market trends or external factors.
• Investors might be cautious due to the overall volatility in the cryptocurrency market, leading to a temporary dip in LINK's price.
• It is essential to monitor how the implementation of the GENIUS Act unfolds and its actual impact on LINK's adoption and value in the coming days.

10.06.2025 - LINK Crypto was up 5.2%

• The bullish movement in LINK could be attributed to the positive sentiment surrounding cryptocurrencies like XRP, Ethereum, and Solana, which are considered "cleanest plays" by market analysts.
• The mention of a $200 million tokenization initiative in Latin America on the XRP Ledger may have sparked optimism in the broader crypto ecosystem, leading to increased interest and investment in assets like LINK.
• The potential injection of trillions into the crypto ecosystem within a few years, as suggested by market experts, could have further fueled investor confidence in LINK and other cryptocurrencies, driving prices higher.

26.04.2025 - LINK Crypto was up 5.2%

• The bullish movement of Chainlink today can be attributed to its dominance in real-world asset (RWA) innovation.
• The positive sentiment surrounding Chainlink, such as being considered a potential 1000x altcoin and a top trending crypto to buy in May, likely contributed to investor optimism and buying pressure.
• Chainlink's continued development activity and its position as a leading decentralized oracle network in the crypto space further solidified its bullish trajectory for the day.

12.05.2025 - LINK Crypto was down 6.1%

• Despite recent positive developments, including completing a crosschain treasury settlement with JPMorgan and Ondo Finance, LINK's price experienced a bearish movement.
• Recent rebound in price and bullish bets on LINK suggest strong underlying support for the token, indicating that the bearish movement could be temporary.
• Various market factors and external influences may have contributed to the bearish movement, potentially prompting profit-taking or a broader market correction.
• Investors are advised to closely monitor updates to determine whether the bearish movement is a short-term fluctuation or a more significant trend reversal.