Chainlink (LINK) Rises 21% Amid Market Volatility, Analysts Eye Trend Shift

Chainlink (LINK) has shown significant resilience in the face of global tensions and macroeconomic uncertainty, rising 21% from its Sunday lows. This upward momentum is supported by strong partnerships and growing on-chain fundamentals, setting it apart from other assets in the market. Analysts note that while the broader market remains volatile, Chainlink's recent price action suggests a potential shift in trend, although a confirmed breakout is still needed for bulls to take control.

Top analyst Henry Lord of Alts has highlighted that LINK has been in a persistent downtrend for months, characterized by unusually quiet price behavior. However, recent movements indicate a change beneath the surface, with increasing volume and volatility. LINK is forming a base structure that could signal the end of its accumulation phase, suggesting that a larger move may be on the horizon.

Despite this strength, Chainlink remains within a consolidation range. A clean breakout above key resistance levels will be crucial to trigger the next phase of upward momentum. Until then, traders are cautiously optimistic as LINK teases a larger move. The asset is currently trading over 25% below its May high, reflecting the broader market impact of rising macroeconomic uncertainty and geopolitical tensions. However, LINK has managed to hold within a steady consolidation range, signaling resilience as the market awaits its next decisive move.

Maintaining prices above current levels is crucial. A breakdown here could open the door for deeper corrections. However, Henry believes the tides may be turning. According to Henry, Chainlink has endured months of downtrend and silence, but a structural shift is now underway. His analysis highlights that the long-standing downtrend has been broken, and LINK has entered a clear accumulation and consolidation phase. These zones often come before the loudest moves, and historically, such phases have preceded explosive rallies. If momentum picks up, a breakout toward the $25–$30 range wouldn’t be surprising.

Henry also points out that periods of inactivity often mask the actions of smart money—buying quietly before the broader market catches on. While it’s easy to overlook assets during calm phases, that’s often when the groundwork for major moves is laid. For now, Chainlink remains on watch. Chainlink is showing early signs of a trend reversal after months of consistent decline. As seen in the 12-hour chart, LINK recently rebounded from the $11.50 level and is now trading above $13.20. This recovery follows a steep drop that marked a new local low, but the bounce has pushed the price above the 50-day simple moving average (SMA), now acting as short-term support at $13.50.

Importantly, LINK is now testing the 100-day SMA (around $14.65), which previously served as resistance in late May and early June. If bulls manage to break and consolidate above this level, the next target lies near the 200-day SMA at $14.16—a confluence zone that may act as a critical decision point for trend continuation or rejection. While the macro structure remains bearish, this short-term accumulation range suggests growing demand, especially as the price begins to form higher lows. A clear break above $14.65 with volume could confirm the breakout and signal the start of a larger move toward the $17–$18 range.