Chainlink ($LINK) Crypto Forecast: Down 6.1% Today

What is Chainlink?

Chainlink (LINK) is a popular cryptocurrency token known for its decentralized oracle network that connects smart contracts with real-world data.

Why is Chainlink going down?

LINK crypto is down 6.1% on Jun 12, 2025 14:01

• 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.

LINK Price Chart

LINK Technical Analysis

LINK News

Chainlink, JPMorgan, Ondo Finance complete crosschain treasury settlement

Chainlink, JPMorgan's Kinexys, and Ondo Finance completed a crosschain DvP settlement between a permissioned payment network and a public RWA blockchain.

https://cointelegraph.com/news/chainlink-jp-morgan-ondo-crosschain-dvp-settlement

Chainlink Price Forecast: LINK rebounds as Real-World utility and bullish bets surge

Chainlink (LINK) price continues to trade in green on Tuesday after rebounding from its key support level the previous week.

https://www.fxstreet.com/cryptocurrencies/news/chainlink-price-forecast-link-rebounds-as-real-world-utility-and-bullish-bets-surge-202506100324

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Chainlink Price History

20.04.2025 - LINK Crypto was up 5.1%

• Chainlink's bullish movement can be attributed to the integration of its CCIP on Solana, a significant development that expands its reach to a wider ecosystem.
• The news of Chainlink linking $19B in assets on Solana could have boosted investor confidence in the project's utility and adoption.
• Despite facing resistance at a key level, the overall positive market sentiment towards cryptocurrencies like Ethereum, as predicted by traders, may have contributed to Chainlink's bullish continuation.

20.04.2025 - LINK Crypto was up 7.4%

• LINK experienced a strong bullish movement likely due to the integration of its CCIP on Solana, a significant development that expands its utility and market reach.
• Chainlink struggled at a key resistance level but found support at $10, indicating that investors are closely monitoring its price movements, contributing to the bullish sentiment.
• The overall positive sentiment towards top trending cryptos like Ethereum and Chainlink in 2025 could have also boosted investor confidence in LINK, leading to its bullish movement today.
• The successful Pectra upgrade on Ethereum attracting significant weekly inflows might have indirectly influenced the overall cryptocurrency market sentiment, benefiting tokens like Chainlink as well.

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.

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.

23.04.2025 - LINK Crypto was down 5.2%

• The bearish movement in LINK today could be attributed to profit-taking by investors after a recent price surge.
• The news about Qubetics securing a large number of holders may have diverted some attention and investment away from LINK.
• The addition of support for a Trump-linked stablecoin on Binance may have caused some uncertainty and volatility in the overall cryptocurrency market, affecting LINK negatively.
• The speculation around Chainlink hitting a specific price target could have led to disappointment among investors, triggering a sell-off in the market.

22.04.2025 - LINK Crypto was up 5.2%

• Chainlink (LINK) experienced a strong bullish movement today.
• Binance adding support for the Trump-linked World Liberty Financial Stablecoin may have contributed to positive sentiment in the cryptocurrency market.
• The announcement of the 'Build on Solana' program potentially boosting Chainlink's price towards the $23 level.
• The adoption of Chainlink's interoperability standard (CCIP) by The Graph (GRT) could have also positively impacted LINK's price as it enhances its cross-chain functionality.

22.04.2025 - LINK Crypto was up 7.3%

• The adoption of Chainlink's interoperability standard (CCIP) by The Graph (GRT) for secure cross-chain transfers may have bolstered LINK's price, demonstrating the increasing utility and adoption of the Chainlink network.
• Growing whale activity within the Chainlink ecosystem, combined with the broader cryptocurrency market recovery and Bitcoin reaching a new peak, likely boosted positive sentiment around LINK.
• Despite the current bullish trend, potential resistance around the $16.5 price mark could potentially dampen LINK's surge, highlighting a crucial level to monitor in the short term.
• Speculation regarding heightened network adoption reinvigorating the bullish momentum for LINK indicates close market attention to the expansion and incorporation of Chainlink's services across various ecosystems.

22.04.2025 - LINK Crypto was up 5.2%

• Chainlink's price surged to $16.45, in line with the broader cryptocurrency market's recovery led by Bitcoin hitting a new all-time high.
• An increase in whale activity, evident from on-chain data, supported the positive sentiment surrounding Chainlink.
• A rising channel formation indicated a potential upward trend for Chainlink, with a target of $25 in the near term.
• Although facing resistance near $16.5, Chainlink's strong momentum and potential for wider network adoption may help maintain its upward trajectory.

22.04.2025 - LINK Crypto was up 5.3%

• The adoption of Chainlink's interoperability standard by The Graph (GRT) to enable cross-chain transfers across multiple ecosystems has likely boosted LINK's value, showcasing its utility and demand in the market.
• The increase in whale activity and overall positive sentiment in the cryptocurrency market, with Bitcoin hitting new all-time highs, has contributed to LINK's bullish movement as investors seek alternative assets for potential gains.
• Despite the positive momentum, there might be a hurdle around the $16.5 price level that could temporarily slow down LINK's rally, requiring further market dynamics or news catalysts to overcome.
• The ongoing discussions around increased network adoption and the potential rejuvenation of bullish momentum for LINK indicate a positive outlook for the cryptocurrency, especially as it continues to solidify its position in the decentralized finance (DeFi) space.

21.04.2025 - LINK Crypto was up 5.3%

• Chainlink's positive momentum can be linked to the integration of Chainlink CCIP and Proof of Reserves with Zeus Network for Solana-Native Bitcoin cross-chain transfers. This integration enhances Chainlink's utility and adoption in the cryptocurrency space.
• Technical analysis shows a rising channel formation for Chainlink, indicating a potential price increase.
• Speculation suggests Chainlink may surpass $16.5, driven by increased network adoption, which could sustain the current bullish trend for LINK.

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.