Market Overview: Chainlink (LINKUSDT) – July 26, 2025 – 24-Hour Summary

Chainlink (LINKUSDT) opened at $17.48 on July 25 at 12:00 ET, reached a high of $18.49, a low of $17.41, and closed at $18.25 on July 26 at 12:00 ET. The 24-hour trading volume was 650,372.9 units, with a total turnover of $11.3 million.

• Chainlink surged from $17.48 to $18.49, forming a bullish breakout above prior resistance.
• High volume and positive divergence in price and turnover suggest strong buying interest.
• RSI hit overbought territory near 75, indicating possible near-term profit-taking.
• A bullish engulfing pattern emerged at $17.61–$17.74, confirming a short-term reversal.
• Volatility expanded as price moved beyond Bollinger Bands, signaling increased momentum.

Structure & Formations

The 24-hour period saw a strong upward move from $17.48 to $18.49, forming a bullish breakout above the key resistance cluster between $17.70 and $17.80. A bullish engulfing pattern was observed between 17:00 and 17:15 ET on July 25, with a long bullish body confirming a reversal. A doji formed at $18.30–$18.32 on the 15-minute chart, suggesting indecision at the top. Key support levels now include $18.16 and $17.92, while resistance is at $18.49 and $18.65.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upward, with price staying above both, indicating short-term bullish bias. On the daily chart, the 50-period MA is at $17.85, the 100-period MA at $17.72, and the 200-period MA at $17.50. Price has moved decisively above the 50-period MA, reinforcing the near-term bullish trend.

MACD & RSI

The MACD crossed above the signal line mid-session, confirming the bullish momentum. The histogram expanded as price surged above $18.20, indicating strong upward thrust. The RSI hit overbought levels (above 75) by the early hours of July 26, signaling potential for a pullback or consolidation. However, the divergence between price and RSI remains weak, suggesting buyers are still in control.

Bollinger Bands

Volatility expanded as the bands widened following the breakout above $18.00. Price traded well above the upper Bollinger Band for much of the session, indicating strong momentum. A contraction in the bands was observed between $17.50 and $17.60, which acted as a precursor to the breakout. Price is currently at the upper band, suggesting it could consolidate or retest the lower band before resuming the upward trend.

Volume & Turnover

Volume spiked to over 186,000 units during the breakout phase (10:30–11:00 ET), confirming the strength of the move. Notional turnover also increased in line with price, indicating aligned price and volume action. A divergence was observed between volume and price during the consolidation phase after $18.40, suggesting caution from traders. Overall, the volume profile supports a continuation of the bullish trend in the near term.

Fibonacci Retracements

On the 15-minute chart, the recent swing from $17.41 to $18.49 saw price retesting the 61.8% level at $18.08 before continuing higher. On the daily chart, the 38.2% retracement level at $17.89 was a key support zone that held during the consolidation phase. The 61.8% level at $18.31 is now a potential support zone for the next 24 hours.

Chainlink appears to be entering a phase of consolidation after a strong upward move. While the bullish momentum is intact, overbought RSI levels and a doji at the top suggest a potential pullback could be imminent. Traders may look for a retest of key support levels at $18.16 and $17.92 before the next directional move. Investors should remain cautious of profit-taking and potential volatility shifts in the next 24 hours.