Market Overview for Chainlink/Yen (LINKJPY)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Dec 17, 2025 9:55 am ET1min read
LINK
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- Chainlink/Yen (LINKJPY) traded between 1946.0 and 2011.0 JPY, with key support at 1977.0 and resistance at 2006.0.

- A bearish engulfing pattern near 2006.0 JPY suggests a potential reversal, amid high volatility and ¥22.7M notional turnover.

- RSI indicated oversold (30) and overbought (70) conditions, while Bollinger Bands showed consolidation near the lower band, hinting at upward correction.

- Fibonacci retracements at 1993.0 and 1985.0 JPY highlight critical levels, with renewed volatility possible if 1977.0 support is tested again.

Summary
• Price fluctuated between 1946.0 and 2011.0 JPY with key support at 1977.0 and resistance at 2006.0.
• A bearish engulfing pattern formed near 2006.0, suggesting possible reversal.
• Volatility remained high with a 24-hour turnover of ¥22,694,721.
• RSI signaled oversold conditions at 30 and overbought at 70, indicating a possible correction.
• Bollinger Bands showed price consolidation near the lower band, indicating potential for upward breakouts.

Chainlink/Yen (LINKJPY) opened at 1999.0 JPY on 2025-12-16 12:00 ET, reached a high of 2011.0, a low of 1946.0, and closed at 1955.0 JPY on 2025-12-17 12:00 ET. The 24-hour volume was 16,320.35 and the notional turnover was approximately ¥22,694,721.

Structure & Formations


Price movement showed distinct support at 1977.0 JPY and resistance at 2006.0 JPY over the 24-hour period. A bearish engulfing pattern formed near 2006.0 JPY, suggesting a possible reversal. Key consolidation levels were observed between 1980.0 and 1990.0 JPY, with the price showing indecision during this range.

Moving Averages


On the 5-minute chart, the 20-period moving average hovered near 1995.0 JPY, while the 50-period line hovered slightly above it. On the daily chart, the 50-period line sat at 1985.0 JPY, above the 100-period at 1970.0 JPY, and the 200-period at 1965.0 JPY. This suggests a potential bearish bias in the longer term.

Momentum Indicators


The RSI indicator fluctuated between oversold (30) and overbought (70) conditions, indicating a volatile and possibly overextended market. The MACD line crossed the signal line twice, pointing to a shift in momentum with no clear direction.

Bollinger Bands


Volatility expanded during the early morning hours, with price hitting the upper band at 2011.0 JPY. By the end of the 24-hour window, price settled near the lower band at 1955.0 JPY, indicating a potential for upward correction or consolidation.

Volume & Turnover


Volume spiked during consolidation periods near key support and resistance levels, particularly between 1977.0 and 1986.0 JPY. Notional turnover increased proportionally, confirming price action. However, during the 00:00–01:00 ET period, volume was thin with no price confirmation, signaling potential indecision.

Fibonacci Retracements


On the 5-minute chart, price retraced to the 61.8% level at 1993.0 JPY before consolidating. On the daily chart, retracement levels were key around 1985.0 and 1970.0 JPY. These levels could act as either support or resistance depending on the direction of the next move.

Chainlink/Yen could face renewed volatility if the 1977.0 JPY support level is tested again. While the bearish pattern near 2006.0 JPY suggests a potential short-term pullback, traders should remain cautious of thin volume periods that may lead to sudden price swings.