Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Ethereum Breaks Out with 25% Rally — Here’s Why $2,500 Could Hit Sooner Than You Think
    NewsCryptoEthereumMarket

    Ethereum Breaks Out with 25% Rally Why $2,500 Could Hit Sooner

    Ethereum price just broke through $2,200 this week, a 25% jump that…

    By
    Jane Omada Apeh
    May 9, 2025
    Bitcoin price hits 104K
    NewsCryptoMarket
    Bitcoin Smashes Through 104K Wipes Out 400M in Shorts and Signals New Bull Run
    May 9, 2025
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    NewsBlockchainCrypto
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    May 8, 2025
    Robert Kiyosaki Bitcoin
    NewsCryptoMarket
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    May 8, 2025
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    MarketCryptoNews
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    May 8, 2025
  • Cryptocurrency
    Ethereum Breaks Out with 25% Rally — Here’s Why $2,500 Could Hit Sooner Than You Think
    Ethereum Breaks Out with 25% Rally Why $2,500 Could Hit Sooner
    7 Min Read
    Bitcoin price hits 104K
    Bitcoin Smashes Through 104K Wipes Out 400M in Shorts and Signals New Bull Run
    6 Min Read
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    7 Min Read
    Robert Kiyosaki Bitcoin
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    8 Min Read
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    13 Min Read
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Chainlink Price 40% Drop: Will LINK’s Strong Support Lead to a Massive Recovery?
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Market > Trading > Chainlink Price 40% Drop: Will LINK’s Strong Support Lead to a Massive Recovery?
MarketNewsTrading

Chainlink Price 40% Drop: Will LINK’s Strong Support Lead to a Massive Recovery?

Chainlink Price 40% Drop: Will LINK’s Strong Support Lead to a Massive Recovery?
Isha Jane
Last updated: February 20, 2025 1:29 pm
By
Isha Jane
Published February 20, 2025
7 Min Read
Share

In the past month, Chainlink (LINK) has experienced significant downward pressure, with its price falling by nearly 40%. The decline in the Chainlink has raised concerns among investors, who wonder if the cryptocurrency will recover or continue its bearish trend. Despite the negative market sentiment, analysts have begun to weigh in, offering both optimistic and cautious perspectives on LINK’s future. The performance of Chainlink is particularly important as it holds a significant role in the cryptocurrency ecosystem, providing decentralized oracle services for smart contracts.

Contents
Bearish Market Trends: LINK’s Struggle Over the Past MonthSigns of Recovery: Whale Accumulation and Renewed Investor InterestProjections and Key Resistance Levels for LINKConclusion: The Path to Chainlink Price RecoveryFAQsWhy has Chainlink (LINK) dropped in price?What is the MVRV ratio, and what does it mean for Chainlink?How much have whales invested in Chainlink recently?What price levels are critical for Chainlink’s recovery?What are the chances of Chainlink recovering?Glossary of Key TermsReferences

Several market indicators, including whale accumulation and the MVRV ratio, suggest that the downtrend may be nearing its end. However, for LINK to reclaim its position and move higher, it will need to break through important resistance levels.

Bearish Market Trends: LINK’s Struggle Over the Past Month

Over the past month, Chainlink price has faced a steady decline, slipping below key support levels. The $20 level, which was previously seen as a strong support zone, has now turned into a resistance area.

Chainlink price prediction
Chainlink price prediction

“Chainlink’s MVRV ratio shows that recent traders are sitting on an average loss of 16%. This is a level that has historically signaled the end of selling pressure,” said Ali, a renowned crypto analyst.

The MVRV (Market-Value-to-Realized-Value) ratio is an indicator that tracks the profitability of recent traders, and it suggests that LINK holders may soon experience a pause in selling. Despite the loss, the current position might present a buying opportunity, especially if the price stabilizes and begins to rise.

Signs of Recovery: Whale Accumulation and Renewed Investor Interest

Although Chainlink price has been facing strong bearish pressure, analysts are seeing signs of a potential recovery. One of the most significant factors supporting the recovery narrative is whale accumulation. In just the past 24 hours, whaleshave purchased over $20 million worth of LINK. This indicates that major investors might be positioning themselves for a rebound.

“Whale interest is increasing, which could be a sign that the downtrend is nearing its end. If these investors hold their positions, it could provide the support Chainlink needs for a recovery,” said Ali.

With this renewed interest from large investors, the outlook for Chainlink price may improve as demand continues to rise. If LINK can hold key support levels and maintain its bullish momentum, it could see a strong push upward in the coming weeks.

Projections and Key Resistance Levels for LINK

Chainlink’s price is currently moving sideways, indicating that it is in a period of consolidation. Crypto Elite, another well-known analyst, has an optimistic outlook for LINK. According to Elite, the long-term downtrend that began in 2021 has now been broken, which sets the stage for future price gains.

Chainlink Price analysis
Chainlink Price analysis

Elite has identified several ambitious price targets for LINK. These include $53, $100, and even $144 in the longer term, suggesting that the market may be ready to move past its recent struggles.

However, for this recovery to happen, Chainlink’s price must first break above the $19 resistance. This level will be a crucial test for LINK, and a break above it could see prices surge toward $23.70 and beyond.

Conclusion: The Path to Chainlink Price Recovery

In summary, Chainlink price 40% drop over the past month has been a result of a broader bearish market sentiment, with short-term pain likely affecting many traders. However, key indicators such as whale accumulation, the MVRV ratio, and analysts’ optimistic price targets suggest that Chainlink price might be on the verge of a recovery.

The next few weeks will be critical for Chainlink, as it needs to maintain key support levels and break above $19 for a potential rebound. If these conditions are met, LINK could see prices reaching $23.70 and beyond, driven by increased demand and whale interest. Investors will be watching closely to see if Chainlink can make a successful recovery in the face of recent challenges. Keep following Deythere and keep an eye on Chainlink’s price.

FAQs

  1. Why has Chainlink (LINK) dropped in price?

The 40% drop in the price of Chainlink over the past month is due to a combination of bearish market sentiment and selling pressure from recent traders.

  1. What is the MVRV ratio, and what does it mean for Chainlink?

The MVRV ratio is an indicator that shows the profitability of recent traders. A negative MVRV ratio (currently at -16%) suggests that selling pressure may soon end, signaling a potential price recovery.

  1. How much have whales invested in Chainlink recently?

In the last 24 hours, whales have accumulated over $20 million worth of LINK, indicating renewed investor interest.

  1. What price levels are critical for Chainlink’s recovery?

Chainlink needs to break above the $19 resistance level to target $23.70. The long-term price targets suggested by analysts are $53, $100, and even $144.

  1. What are the chances of Chainlink recovering?

With whale accumulation, MVRV data, and analysts’ optimistic outlooks, Chainlink has a strong chance of recovering if it can maintain support levels and break above key resistance points.

Glossary of Key Terms

MVRV (Market-Value-to-Realized-Value) Ratio: A metric used to determine the profitability of recent traders by comparing the market value of the coin to its realized value.

Whale: A term used to describe large cryptocurrency holders who have the potential to move the market with their trades.

Resistance: A price level where selling pressure is strong enough to prevent the price from rising further.

Support: A price level where buying pressure is strong enough to prevent the price from falling further.

Consolidation: A period in the market when prices move within a narrow range, often before making a larger move in either direction.

References

  1. **Samuel Edyme. (2025, February 20).** Chainlink’s 40% Drop in the Past Month: Analyst Assesses the Path to Recovery
  2. **Ali Charts. (2025, February 19).** MVRV Ratio and Whale Accumulation Point to Possible Recovery for LINK
  3. **Crypto Elite. (2025, February 7).** Chainlink’s Future Price Projections: Can LINK Reach $144?
  4. **Chainlink Analysis by TradingView. (2025).** Market Analysis and Projections for LINK

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Meme Coins Take Over Russia: How 1 in 5 Russians Is Cashing In on the Craze

Ripple vs. SEC: Major Court Decision Sparks Optimism

Texas Leads U.S. Crypto Race with Public Fund Investment Bill

EU Sanctions Garantex—A Crackdown on Russian Crypto?

Robert Kiyosaki Praises Michael Saylor’s Bitcoin Strategy

TAGGED:Chainlink market analysisChainlink priceLINK

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Did $LIBRA Traders Just Lose $251M to a Classic Pump-and-Dump? Did $LIBRA Traders Just Lose $251M to a Classic Pump-and-Dump?
Next Article Best new meme coins for significant returns Best New Meme Coins for Significant Returns: BTFD’s 3,650% ROI Sends Bulls into a Frenzy as Cheems Jumps 6.5% and Sudeng Holds Strong
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English