Chainlink Price Prediction: LinkFaces Continued Macro Headwinds at $13.07
The post Chainlink Price Prediction: LinkFaces Continued Macro Headwinds at $13.07 appeared on BitcoinEthereumNews.com.
Chainlink remains under pressure as the token trades near $13.07, down 1.62% over the past twenty-four hours. Despite the pullback, the coin continues to show signs of stabilization after weeks of persistent selling. While the broader trend remains bearish, recent price action, open-interest flows, and daily momentum indicators offer early signals that the market may be preparing for a more decisive move. LINK Attempts Reversal After Steep Decline LINK’s 1-hour chart shows a sharp and continuous sell-off at the start of the observed period, with price cascading from the mid-$14s into the low-$13 region. The structure is defined by a sequence of lower highs and lower lows, reflecting strong bearish pressure and aggressive distribution. This downtrend eventually found support around the 22nd, where volatility compressed and the market settled into a temporary base. Source: Open Interest A steady recovery phase emerged on the 23rd–25th, with the coin forming higher lows and gradually climbing back toward the $13.50–$13.70 range. This recovery was marked by smoother upward candles and reduced selling intensity, indicating that buyers were starting to regain short-term control. However, after peaking on the 26th, the market transitioned into a sideways consolidation pattern, signaling indecision and reduced directional conviction. The flattening structure now reflects a balancing phase as traders assess whether the recent bounce has enough strength to extend. Open interest provides important context for this transition. Early in the downtrend, OI dropped notably as positions were closed and traders exited exposure during the flush-out phase. As the coin began its recovery, open interest climbed back toward the 240 million mark, illustrating renewed participation aligned with the price rebound. LINK Down 1.62% as Market Cap Holds Above $9.1 Billion According to BraveNewCoin data, the crypto is trading at $13.07 with a market capitalization of $9,117,655,782 and a daily trading volume…
