Market Overview for Chainlink (LINKUSDT) on 2025-08-25

• Chainlink (LINKUSDT) broke above a key 15-minute resistance of $26.15 before a sharp 11.6% pullback.
• RSI and MACD showed bearish divergence during the afternoon selloff, suggesting possible bear momentum.
• Volatility expanded during the 19:45–20:00 ET crash, with turnover spiking on a bearish engulfing pattern.
• Price retested $24.35–25.22 support zone with positive close, but Fibonacci 61.8% at $24.26 remains critical.
• Bollinger Bands tightened in the final hours, signaling possible near-term breakouts or breakdowns.

Chainlink (LINKUSDT) opened at $25.57 on 2025-08-24 at 12:00 ET, hit a high of $26.62, fell to a low of $24.34, and closed at $24.51 at 12:00 ET on 2025-08-25. Total volume reached 6,986,606.36, while notional turnover was approximately $176.2 million across the 24-hour period.

Structure & Formations

The 15-minute chart showed a strong bullish impulse from $25.57 to $26.62, followed by a bearish engulfing pattern at the peak. A key support area formed between $24.35 and $25.22, which the price retested successfully, closing near $24.51. A doji formed near $25.32, signaling indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly around $25.90–26.00, confirming the short-term bearish trend. Daily, the 50-period MA sits near $25.70, suggesting a potential near-term support. The 200-period MA at $25.30 could cap further declines if bear pressure subsides.

MACD & RSI

MACD turned negative at 19:45 ET and remained bearish through the close, with bearish divergence from late afternoon. RSI dropped from overbought (>65) to oversold (<35), indicating a high level of bearish exhaustion. However, RSI has not yet turned decisively upward, so further confirmation is needed for a reversal.

Bollinger Bands

Volatility expanded during the selloff, pushing price to the lower band at $24.39. The bands have since tightened, suggesting a period of consolidation. The closing price of $24.51 lies just above the midline of the most recent bands, hinting at potential for a short-term rebound.

Volume & Turnover

Volume surged during the selloff, particularly between 19:45 and 20:15 ET, when a bearish engulfing candle formed. Notional turnover spiked to a 24-hour high of $31.6 million at 19:45, coinciding with the sharp drop to $24.34. Price and turnover aligned on the bearish move, offering confirmation.

Fibonacci Retracements

Applying Fibonacci to the key $25.57–26.62 move, the 61.8% retracement level sits at $24.90, and the 78.6% at $24.65. The price tested and bounced off the 78.6% level, but the 61.8% zone remains a potential near-term hurdle. On the daily chart, the 50% retrace of the larger bullish move remains at $25.30.

In the coming 24 hours, Chainlink may test the $24.35–25.22 support range again for confirmation or attempt a short-term bounce. A break below $24.35 could signal a test of $24.26 (Fib 61.8%). Traders should watch for volatility expansion or a reversal candle near key Fibonacci and moving average levels. As always, market conditions can change rapidly, and investors should be prepared for increased volatility and potential false breakouts.