The cryptocurrency market is experiencing volatility. Chainlink prices are showing a decline amid a general market correction.
Current Market Conditions
Since the second term of pro-crypto President Donald Trump, the market has faced instability. The demand for stablecoins has increased as short-term holders experience pressure. The altcoin market, including Chainlink, follows Bitcoin's price, which was recently rejected above $88k.
Chainlink Price Expectations in Coming Weeks
Since the start of 2025, Chainlink has been in a descending trend with lower highs and lower lows on the daily chart. The price is expected to test the lower border of a rising channel around $13 in the coming weeks. However, consistent closing above the $16 resistance may reverse this bearish trend.
Chainlink Fundamentals
The Chainlink network has grown significantly in the tokenization market, attracting institutional investors. According to Santiment, long-term holders with balances of 10k to 10 million LINK now have an all-time high balance of 438.33 million coins. Support from U.S. regulators also increases the network's social dominance.
The Chainlink network continues to grow despite market fluctuations. Future price changes depend on technical levels and fundamental token demand.
