Particle.news

Download on the App Store

Chainlink Slides Below $25 as Focus Turns to $21 Support

A multi-year triangle leaves the bullish case open pending confirmation through reclaimed resistance.

Image

Overview

  • LINK fell about 10% to roughly $23.4–$23.5, losing the recently reclaimed $25 level as 24‑hour trading volume cooled to around $2 billion.
  • Price was rejected again near $26, and technicians are watching a potential retest of the $21 confluence support marked by Fibonacci and VWAP.
  • Analysts highlight a four‑year symmetrical triangle with upside targets near $31, $52, and about $98, which rely on a confirmed breakout.
  • Several forecasts call for a brief dip toward $20–$22, while Rekt Capital flags a monthly close above roughly $23.86 as key to avoiding a slide toward about $19.41.
  • SBI Group announced a partnership to use Chainlink’s CCIP, SmartData (NAV), and Proof of Reserve for tokenized funds and real‑world assets in Japan.