Chainlink Tests $12.50 Support Ahead of Weekend Volatility

Published: 2025-06-22 00:04:07 |

Chainlink (LINK) closed the daily session bearish and is now testing a crucial $12.50 support level amid reduced weekend liquidity. Analyst CRYPTOWZRD notes both LINKUSDT and LINKBTC are oversold following Bitcoin’s pullback, increasing chances of a short-term rebound. Key upside targets include $12.85 for an intraday breakout, $14.40 next, and longer-term resistance at $16 and $19.50. Traders should monitor Bitcoin’s weekend moves closely and use lower-timeframe charts for potential scalp opportunities until clearer directional confirmation emerges.

Bearish

Chainlink’s daily bearish close and test of the $12.50 support amid thinning weekend liquidity suggest increased downside risk before any meaningful rebound. Historical patterns show that altcoins heavily mirror Bitcoin’s moves, and without a clear BTC recovery, LINK may continue to chop or dip below support. Only a decisive breakout above intraday resistance at $12.85 would shift sentiment to bullish. Traders should prepare for continued volatility and potential short setups if $12.50 fails to hold.