Chainlink News 2025: LINK Stabilises Near $13 as Open Interest Flattens and Technical Indicators Signal Weak Momentum
Chainlink (LINK) is consolidating near $13 with flat open interest and weak technical indicators, suggesting limited bullish momentum.Summary
Chainlink (LINK) is currently in a critical consolidation phase near $13, influenced by a broader market risk-off mood and weak derivatives participation. Aggregated open interest initially dropped during a sell-off and has since stabilized without increasing, indicating a lack of fresh bullish conviction from traders.
Despite a recent 2.58% daily rise to $12.89, the medium-term trend remains bearish, with LINK trading significantly below the critical $19.53 resistance level. Technical indicators reflect this weakness: the MACD shows stagnant momentum near zero, and the RSI is near 36, just above oversold territory. The outlook remains neutral-to-bearish, requiring a decisive shift in momentum, such as a breakout above $13.40 accompanied by rising open interest, to signal a potential recovery.
(Source：Brave New Coin)