Chainlink (LINK) Stuck In A Box: What The Current Price Channel Means For Traders

[Ben Graham]

Chainlink’s native token, LINK, continues to trade within a clearly defined price channel, reflecting a period of consolidation as the broader crypto market is yet to establish a clear market direction. Meanwhile, renowned analyst Ali Martinez provides some key insights on the LINK market, highlighting the potential price targets for the next breakout.

Chainlink In Compression Phase Between $12-$15 — What Next? 

In a recent X post, Martinez shares an analysis of the LINK 12-hour chart, which shows the altcoin has been range-bound between key support at $11.89 and resistance near $14.64, a structure that has remained intact over multiple trading sessions stretching back to 2025. This price behavior implies that neither bulls nor bears have been able to assert sustained control as each attempt to push higher has been capped near the upper boundary of the channel, while pullbacks have consistently found buyers around the $11.89 support zone. 

From a technical standpoint, the channel highlights a phase of consolidation following earlier volatility. Therefore, this structure may be laying the groundwork for a more decisive move once the price escapes the current boundaries. 

The $14.64 resistance level remains the key hurdle for bullish continuation. A confirmed breakout above this zone, ideally supported by rising volume, could reignite upside momentum with potential targets set at $17.00. On the downside, a loss of the $11.89 support could change the technical outlook, exposing LINK to deeper retracements, with potential around $10.00. For now, however, this support has held firm, reinforcing the validity of the channel and keeping bearish momentum in check.

LINK Market Overview

At press time, LINK trades at $12.21, reflecting a major loss of 10.95% in the last seven days amid a general market downturn. However, the monthly loss of just 1.09% indicates that downside momentum remains relatively contained, suggesting that recent selling pressure may be corrective rather than structural and that many new market entrants could soon return to profit if prices stabilize.

In other news, Chainlink has completed the acquisition of Atlas, the order flow auction protocol developed by FastLane. According to the blockchain team, this move strengthens Chainlink’s value capture stack by expanding the reach of Chainlink SVR into the new DeFi ecosystem, thereby helping improve MEV recapture.  With a market cap of $8.65 billion, Chainlink is ranked as the 13th largest digital asset in the world.