Why Everyone’s Watching Chainlink Again Today?

Chainlink (LINK) price is making headlines again after posting a sharp 7% rebound from recent lows, sparking renewed interest among traders and long-term holders. Once a market leader in the oracle space, LINK price had been under selling pressure throughout June, dropping to multi-week lows near $11. However, fresh momentum has pushed the price back above $13, raising questions about whether this marks the beginning of a broader trend reversal. With technical indicators starting to shift and support levels holding firm, all eyes are now on Chainlink price next big move. Could $16 be the next stop—or is this just a temporary bounce?

Chainlink Price Prediction: Why is LINK price suddenly up today?

Chainlink’s price surge today can be directly linked to a sudden shift in global sentiment following a major geopolitical breakthrough. U.S. President Donald Trump announced that Israel and Iran have agreed to a ceasefire after weeks of escalating military action. The truce, which comes after Israel claimed to have “eliminated the Iranian nuclear threat,” has been welcomed by global markets, triggering a rally across risk-on assets.

Cryptocurrencies, which were under pressure during the conflict, are now rebounding sharply as war fears subside and investor confidence returns. LINK, like other altcoins, is benefiting from this risk reversal, gaining nearly 7% on renewed buying momentum.

The timing of LINK’s bounce aligns closely with the ceasefire announcement, signaling that macro-driven relief is playing a strong role in the current price action. Over the past week, the crypto market had been rattled by geopolitical uncertainty, with LINK dipping below $12. 

But the easing of war tensions has reversed that trend, pushing LINK above key resistance levels. This bounce is not just technical—it reflects a broader market rotation back into digital assets now that fear-driven outflows have stopped. If geopolitical calm persists, we could see further upside in LINK as sentiment stabilizes and risk appetite grows.

Chainlink (LINK) price is showing signs of a potential reversal after a sharp bounce of 6.79%, closing the daily candle at $13.05. This upward momentum came after several days of declining candles, indicating that buyers may be stepping in at key support levels. The price action rebounded strongly from around $11.30, a historical demand zone close to the S2 Fibonacci pivot support.

Is this a short-term bounce or start of a new uptrend?

The Heikin Ashi candles on the daily chart now show a solid green candle after a series of red bodies—an early signal of trend change. This bounce occurred just below the key horizontal support range between $11.20–$11.60, which has held firm through multiple tests in June. The current resistance to watch is the $13.20 level (R1 pivot), where sellers could re-enter.

Momentum indicators support the bullish case. The Relative Strength Index (RSI), which had dipped to oversold territory near 39, is now pointing upward and nearing 45.27. A cross above 50 could indicate a confirmed momentum shift. Moreover, the price reclaimed the S2 level, which could now act as short-term support if the rally continues.

Can LINK Price hit $16 again?

Let’s calculate the potential upside.

If this bounce mimics the previous recovery pattern in April (which saw a move from $12.30 to $16.20), LINK price could be aiming for a 30% rally from its bounce point:

• Bounce level: $12.20
• Expected gain: 30%
• Target = $12.20 + (0.30 × $12.20) = $15.86

This aligns with the previous major resistance zone around $15.80–$16.00, which acted as a strong rejection area in early June. A clean breakout above $13.20 could trigger bullish momentum toward that region.

What if LINK Price faces rejection at $13.20?

Failure to break $13.20 could lead to a short-term pullback. The support levels to watch include:

• $12.20 – psychological and Fibonacci S2 area
• $11.00 – recent low
• $9.80 – S3 pivot and long-term support

If LINK closes below $11 again, bearish pressure may intensify, dragging it toward the $9.50–$10 support cluster.

Chinlink Price Prediction: Bullish or Bearish?

Bullish bias is developing, but confirmation is still needed. A daily close above $13.20 will validate the breakout and open the path to $14.50 and eventually $16.00. As long as LINK price holds above $12.20, the bulls retain control. However, if momentum fades and Chainlink price dips below $11.50 again, the bear trend could resume.

How to Buy Chainlink (LINK) on Bitget?

Getting started with Chainlink (LINK) on Bitget is easy and beginner-friendly. Follow these quick steps to make your first purchase:

1. Create a Bitget Account
Sign up using this referral link to claim your welcome bonus:
https://partner.bitget.com/bg/cryptoticker

2. Complete Identity Verification (KYC)
Upload valid identification documents to finish the KYC process. This step helps secure your account and enables full access to Bitget's features.

3. Fund Your Account
Add funds via credit/debit card, bank transfer, or other supported cryptocurrencies. Bitget offers multiple flexible payment methods.

4. Open the Trading Dashboard
Head to the trading section and search for the LINK/USDT trading pair. You can also type "Chainlink" or "LINK" in the search bar.

5. Buy Chainlink (LINK)
Enter the amount you wish to purchase, review the order details, and confirm the transaction. Your LINK will be available in your Bitget wallet instantly.

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