• bitcoinBitcoin (BTC) $ 117,990.00
  • ethereumEthereum (ETH) $ 2,959.60
  • xrpXRP (XRP) $ 2.79
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 694.00
  • solanaSolana (SOL) $ 163.27
  • usd-coinUSDC (USDC) $ 0.999978
  • dogecoinDogecoin (DOGE) $ 0.201891
  • tronTRON (TRX) $ 0.303651
  • staked-etherLido Staked Ether (STETH) $ 2,961.85
  • cardanoCardano (ADA) $ 0.718873
  • hyperliquidHyperliquid (HYPE) $ 46.50
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,770.00
  • wrapped-stethWrapped stETH (WSTETH) $ 3,548.18
  • suiSui (SUI) $ 3.42
  • stellarStellar (XLM) $ 0.378112
  • chainlinkChainlink (LINK) $ 15.30
  • bitcoin-cashBitcoin Cash (BCH) $ 517.69
  • avalanche-2Avalanche (AVAX) $ 20.86
  • leo-tokenLEO Token (LEO) $ 9.08
  • hedera-hashgraphHedera (HBAR) $ 0.197202
  • wrapped-eethWrapped eETH (WEETH) $ 3,172.07
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • the-open-networkToncoin (TON) $ 2.99
  • usdsUSDS (USDS) $ 0.999820
  • wethWETH (WETH) $ 2,964.74
  • litecoinLitecoin (LTC) $ 93.32
  • whitebitWhiteBIT Coin (WBT) $ 46.68
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 333.28
  • polkadotPolkadot (DOT) $ 4.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,995.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • pepePepe (PEPE) $ 0.000012
  • bitget-tokenBitget Token (BGB) $ 4.41
  • uniswapUniswap (UNI) $ 8.57
  • aaveAave (AAVE) $ 300.29
  • bittensorBittensor (TAO) $ 391.99
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.470816
  • crypto-com-chainCronos (CRO) $ 0.104100
  • aptosAptos (APT) $ 4.88
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • nearNEAR Protocol (NEAR) $ 2.51
  • okbOKB (OKB) $ 48.73
  • internet-computerInternet Computer (ICP) $ 5.38
  • jito-staked-solJito Staked SOL (JITOSOL) $ 198.55
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ondo-financeOndo (ONDO) $ 0.892248
  • ethereum-classicEthereum Classic (ETC) $ 18.42
  • susdssUSDS (SUSDS) $ 1.06
  • kaspaKaspa (KAS) $ 0.085804
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 4.71
  • mantleMantle (MNT) $ 0.633673
  • ethenaEthena (ENA) $ 0.332100
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.233214
  • vechainVeChain (VET) $ 0.024398
  • arbitrumArbitrum (ARB) $ 0.403770
  • official-trumpOfficial Trump (TRUMP) $ 9.80
  • gatechain-tokenGate (GT) $ 16.24
  • fasttokenFasttoken (FTN) $ 4.45
  • algorandAlgorand (ALGO) $ 0.222109
  • render-tokenRender (RENDER) $ 3.66
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.704550
  • sei-networkSei (SEI) $ 0.327993
  • worldcoin-wldWorldcoin (WLD) $ 1.04
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,961.64
  • filecoinFilecoin (FIL) $ 2.58
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,789.00
  • bonkBonk (BONK) $ 0.000022
  • skySky (SKY) $ 0.079331
  • quant-networkQuant (QNT) $ 115.96
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.73
  • binance-staked-solBinance Staked SOL (BNSOL) $ 172.81
  • spx6900SPX6900 (SPX) $ 1.58
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.023266
  • kucoin-sharesKuCoin (KCS) $ 11.50
  • jupiter-exchange-solanaJupiter (JUP) $ 0.487702
  • usdtbUSDtb (USDTB) $ 0.999879
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999081
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,104.97
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,366.89
  • usdt0USDT0 (USDT0) $ 1.00
  • celestiaCelestia (TIA) $ 1.90
  • nexoNEXO (NEXO) $ 1.28
  • fartcoinFartcoin (FARTCOIN) $ 1.26
  • story-2Story (IP) $ 4.39
  • injective-protocolInjective (INJ) $ 12.61
  • flare-networksFlare (FLR) $ 0.017062
  • sonic-3Sonic (S) $ 0.359639
  • blockstackStacks (STX) $ 0.756832
  • xdce-crowd-saleXDC Network (XDC) $ 0.071183
  • optimismOptimism (OP) $ 0.654703
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.73
  • memecoreMemeCore (M) $ 0.719412
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,167.02
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,114.76
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,631.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 11.86
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999810
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,121.33
  • dogwifcoindogwifhat (WIF) $ 0.976139
  • the-graphThe Graph (GRT) $ 0.097535
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,721.00
  • immutable-xImmutable (IMX) $ 0.505160
  • pax-goldPAX Gold (PAXG) $ 3,346.66
  • kaiaKaia (KAIA) $ 0.160324
  • flokiFLOKI (FLOKI) $ 0.000096
  • wbnbWrapped BNB (WBNB) $ 694.41
  • clbtcclBTC (CLBTC) $ 118,409.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,198.89
  • paypal-usdPayPal USD (PYUSD) $ 0.999746
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.51
  • curve-dao-tokenCurve DAO (CRV) $ 0.630384
  • vaultaVaulta (A) $ 0.543436
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 183.54
  • tether-goldTether Gold (XAUT) $ 3,348.99
  • msolMarinade Staked SOL (MSOL) $ 213.44
  • theta-tokenTheta Network (THETA) $ 0.806843
  • galaGALA (GALA) $ 0.017189
  • iotaIOTA (IOTA) $ 0.193650
  • lido-daoLido DAO (LDO) $ 0.833667
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • raydiumRaydium (RAY) $ 2.71
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.91
  • the-sandboxThe Sandbox (SAND) $ 0.291086
  • jasmycoinJasmyCoin (JASMY) $ 0.014678
  • ousgOUSG (OUSG) $ 111.77
  • zcashZcash (ZEC) $ 42.54
  • pyth-networkPyth Network (PYTH) $ 0.117920
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997991
  • jito-governance-tokenJito (JTO) $ 1.94
  • wrapped-hypeWrapped HYPE (WHYPE) $ 46.47
  • bittorrentBitTorrent (BTT) $ 0.00000068
  • aerodrome-financeAerodrome Finance (AERO) $ 0.786900
  • super-oethSuper OETH (SUPEROETH) $ 2,960.15
  • tezosTezos (XTZ) $ 0.629180
  • saros-financeSaros (SAROS) $ 0.249734
  • pendlePendle (PENDLE) $ 3.94
  • mog-coinMog Coin (MOG) $ 0.000002
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,168.40
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • tbtctBTC (TBTC) $ 117,920.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,097.47
  • flowFlow (FLOW) $ 0.386019
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 116,797.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,962.55
  • newton-projectAB (AB) $ 0.009010
  • decentralandDecentraland (MANA) $ 0.312133
  • chain-2Onyxcoin (XCN) $ 0.017263
  • falcon-financeFalcon USD (USDF) $ 0.999392
  • usual-usdUsual USD (USD0) $ 0.997766
  • coredaoorgCore (CORE) $ 0.560442
  • based-brettBrett (BRETT) $ 0.056906
  • walrus-2Walrus (WAL) $ 0.403532
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,914.00
  • build-onBUILDon (B) $ 0.556703
  • syrupMaple Finance (SYRUP) $ 0.511281
  • heliumHelium (HNT) $ 2.97
  • morphoMorpho (MORPHO) $ 1.69
  • staked-hypeStaked HYPE (STHYPE) $ 46.49
  • apecoinApeCoin (APE) $ 0.665420
  • thorchainTHORChain (RUNE) $ 1.50
  • bitcoin-svBitcoin SV (BSV) $ 26.40
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.202444
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • starknetStarknet (STRK) $ 0.141994
  • conflux-tokenConflux (CFX) $ 0.099909
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,964.72
  • true-usdTrueUSD (TUSD) $ 0.999895
  • usddUSDD (USDD) $ 1.00
  • kavaKava (KAVA) $ 0.431027
  • venomVenom (VENOM) $ 0.222872
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007904
  • stader-ethxStader ETHx (ETHX) $ 3,152.39
  • dydx-chaindYdX (DYDX) $ 0.609803
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004584
  • apenftAPENFT (NFT) $ 0.00000045
  • neoNEO (NEO) $ 6.35
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999906
  • beldexBeldex (BDX) $ 0.062269
  • compound-governance-tokenCompound (COMP) $ 46.89
  • elrond-erd-2MultiversX (EGLD) $ 15.32
  • dexeDeXe (DEXE) $ 7.59
  • ether-fiEther.fi (ETHFI) $ 1.14
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,268.55
  • aioz-networkAIOZ Network (AIOZ) $ 0.356029
  • ecasheCash (XEC) $ 0.000021
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.34
  • deepDeepBook (DEEP) $ 0.167041
  • axie-infinityAxie Infinity (AXS) $ 2.50
  • arweaveArweave (AR) $ 6.31
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 0.999087
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 117,836.00
  • telcoinTelcoin (TEL) $ 0.004440
  • zksyncZKsync (ZK) $ 0.056053

3 reasons why Chainlink price may bounce back in 2025

0 44

3 reasons why Chainlink price may bounce back in 2025

Chainlink price has crashed this year, continuing a trend that started in December when it peaked at a multi-year high of $30.78.

Chainlink (LINK) dived to $17.4 on Saturday, down by 43% from its highest level in December. Its crash mirrors the happenings among altcoins as most of them have retreated in the past few months.

Still, there are three key reasons why the LINK price may bounce back later this year.

First, there are signs that many Chainlink holders are not selling their coins. One piece of evidence is that balances on exchanges have continued falling this year. CoinGlass data shows that these balances have dropped to 138.8 million LINK coins, the lowest level since September last year. They plunged from 160 million in December.

3 reasons why Chainlink price may bounce back in 2025

Chainlink balances on exchanges | Source: CoinGlass

Falling centralized exchange balances is a sign that investors are optimistic about the coin, with most of them holding them steady in their self-custody wallets. In most periods, CEX balances jump when investors are moving them from their wallets to sell them.

You might also like: Chainlink introduces new data product for DeFi

The confidence among Chainlink holders is likely because many of them expect that the Securities and Exchange Commission will approve a spot LINK ETF later this year. Such a fund would lead to more inflows and boost its price.

Chainlink price may also rebound because of its positioning in the crypto industry, where it is the biggest oracle network. It has a total value secured or TVS figure of $35 billion, making it much higher than other oracles like Chronicle, Pyth, and RedStone.

Chainlink is also a big player in the Real World Asset tokenization industry through its cross-chain interoperability protocol. CCIP is a key component in the industry that provides solutions to build, scale, connect, and send assets across various blockchains.

Chainlink price analysis

3 reasons why Chainlink price may bounce back in 2025

LINK price chart | Source: crypto.news

Third, Chainlink price may bounce back because of its strong technicals. The weekly chart shows that LINK has remained slightly above the 100-week Exponential Moving Averages even after crashing by 43% from its highest point in November.

LINK has also formed a giant megaphone chart pattern, which is characterized by two diverging trendlines. In most periods, this pattern leads to a strong bullish breakout.

In LINK’s case, the initial target of a rebound will be the November high of $30 followed by the 61.8% retracement point of $35. A drop below the lower side of the megaphone will invalidate the bullish LINK outlook.

Read more: VanEck research reveals if Strategic Bitcoin Reserve can pay off US debt by 2049

Source

Leave A Reply

Your email address will not be published.