Chainlink (LINK) Enters May 2025 Trading Near the $14.70 Level, Attempting to Stabilize After a Volatile April

LINK is currently hovering near the 0.618 Fibonacci retracement level at $14.71, drawn from the $30.92 high to the $8.12 low.

Chainlink (LINK) is trading at the $14.70 level as May 2025 begins, attempting to stabilize after a volatile April. Despite breaking out of a descending trendline, LINK faces strong resistance at $15.10–$15.25. The price action across daily and intraday charts signals a potential breakout or breakdown, which will depend on how key support zones hold in the coming weeks.

At least a three-week rally is needed to avoid deeper levels.

Chainlink Price Analysis: Bulls Need to Defend $14.71 Fib Zone

The weekly chart shows LINK currently trading at the 0.618 Fibonacci retracement level of 38%. This zone, drawn from the $30.92 high to the $8.12 low, has been a pivot for strong reversals.

A bullish attempt to defend this level could provide the base for a rally towards the 0.5 Fib level at $19.52.

A weekly close above $16.80 could push LINK toward the $19.50 and $22.20 zones. However, failure to hold $14.00 might expose the token to a drop towards $13.00 and possibly even $10.80 (historical support).

Chainlink (LINK) Is Still Lacking Directional Momentum- Bollinger Bands

The daily chart highlights the breakout from a descending trendline in late April, indicating a potential trend reversal. However, price action has stalled at the $15.20 resistance zone.

The horizontal grey resistance box is acting as a ceiling, while the green zone between $13.90 and $14.20 is critical support.

A successful breakout above $15.20 would open the door for a retest of $16.80. On the downside, a break below $13.90 may trigger panic selling towards $12.80.

Finally, Triangle Breakout Is Near on the 4-hour Chart

The 4-hour timeframe shows a symmetrical triangle pattern forming, with converging trendlines. The price has bounced from support near $14.50 and is struggling to break above $15.10.

Also the trendlines suggest that a breakout is near.

Traders should watch for a decisive move beyond this range to confirm the next short-term trend.

EMA and RSI Analysis: Mixed Momentum

If the RSI rises above 60 and price holds above all EMAs, it could be a bullish sign. A dip below 45 could indicate incoming downside pressure.

Bollinger Bands and MACD: Volatility Contraction in Progress

These indicators suggest the market is waiting for a catalyst to pick a direction.

Chainlink (LINK) Price Forecast Table: May 2025

Chainlink (LINK) Edges Closer to Technical Decision Point

In summary, Chainlink (LINK) is at a technical inflection point. With a breakout structure on the daily chart and tightening price action on lower timeframes, May 2025 could witness a decisive move. A bullish breakout above $15.30 would target the $16.80–$19.50 zone. On the flip side, a breakdown below $13.90 might bring renewed selling pressure. Until a directional breakout occurs, expect choppy range-bound trading.

The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.