Market Overview for Chainlink/Tether (LINKUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Dec 23, 2025 12:39 pm ET1min read
LINK
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Aime RobotAime Summary

- Chainlink/Tether (LINKUSDT) plummeted from $12.73 to $12.14 in 24 hours amid a sharp selloff and 167,000+ contracts traded at peak volume.

- A bearish engulfing pattern and RSI entering oversold territory signaled potential short-term bounce but confirmed bearish momentum via MACD turn negative.

- Bollinger Bands expanded as volatility surged, with price closing near the lower band despite temporary consolidation near key support at $12.18-$12.37.

- Fibonacci retracements highlight $12.14-$12.18 as critical pivot levels, with further downside risk if breakdown below $12.14 occurs amid mixed momentum indicators.

Summary
• Price dropped from $12.73 to $12.18 over 24 hours, hitting a low near $12.14.
• Volume surged at 13:45 ET during a sharp selloff, with over 167,000 contracts traded.
• A bearish engulfing pattern formed at the top of the daily range, signaling potential bearish momentum.
• RSI hit oversold territory twice, suggesting potential for a short-term bounce.
• Bollinger Bands expanded as volatility increased, with price closing near the lower band.

Chainlink/Tether (LINKUSDT) opened at $12.73 on 2025-12-22 at 12:00 ET, reached a high of $12.78, a low of $12.14, and closed at $12.37 as of 12:00 ET on 2025-12-23. Total volume for the 24-hour period was approximately 1.68 million contracts, with a notional turnover of around $20.6 million.

Structure & Formations


Price action revealed a bearish engulfing candle near the upper end of the range, followed by a sharp decline that carved a descending channel. Key support levels emerged at $12.37 and $12.18, with $12.07 potentially acting as a psychological floor.

Moving Averages


On the 5-minute chart, the 20-period SMA provided a dynamic resistance during the early sell-off, while the 50-period SMA acted as a floor briefly at $12.16. On the daily chart, price closed below the 50 and 200-day SMAs, reinforcing bearish bias.

MACD & RSI


MACD lines turned negative after midday, confirming a shift in momentum. RSI dropped into oversold territory around $12.14 and $12.18, hinting at potential for a short-term rebound. However, RSI divergence did not align with bullish price movement, limiting upside potential.

Bollinger Bands


Volatility expanded as the bands widened following the sharp sell-off in the early afternoon.
By the close, price was trading near the lower band, indicating continued pressure from bears despite a temporary consolidation phase.

Volume & Turnover


Volume spiked significantly at 13:45 ET during the breakdown below $12.30, with over 167,000 contracts traded. However, subsequent volume failed to confirm further downside, indicating some hesitation among bears. Notional turnover remained consistent with recent averages, suggesting no unusual accumulation.

Fibonacci Retracements


On the 5-minute chart, the $12.40 level corresponds to the 38.2% retracement of the previous rally, and the 61.8% level sits near $12.29, which coincided with short-term consolidation. On the daily chart, a key 61.8% retracement of the recent downtrend is near $12.14–$12.18, acting as a potential pivot.

Looking ahead, price could test the $12.18–$12.20 range for support before any potential rebound. Investors should remain cautious as momentum indicators show mixed signals and volume does not strongly confirm a clear directional bias. A break below $12.14 would suggest further risk to the downside.