Chainlink Price at Crossroads: Can Bulls Defend $10 for Next Rally?

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Chainlink price tests major S/R zone at $10, will bulls regain momentum?

Chainlink’s price decreased this week after hitting a resistance level identified using Fibonacci retracement. Traders were paying attention to see if the price could hold above a key support level around $10, which previously acted as resistance.

Summary

  • Chainlink price retested the key $10.10 support-resistance flip zone after facing rejection near the $10.79 Fibonacci resistance level.
  • LINK remained above the 0.382 Fibonacci retracement support near $9.93 as the Supertrend and Aroon indicators continued signaling bullish market structure.
  • Analysts are watching whether bulls can defend the $10 region to sustain momentum toward the next resistance zones near $11.6 and $12.8.

As of May 14, Chainlink (LINK) was trading around $10.2, according to crypto.news. The price briefly rose to around $10.8 earlier in the week. While the token has bounced back considerably from its February low of $7.2, its recent upward momentum has started to weaken after failing to break through a key resistance level.

LINK’s price has recently gone up, helped by a more positive outlook in the crypto market overall and increasing interest from institutions in tokenizing real-world assets. Chainlink is establishing itself as a key provider of the technology needed for this growing area.

Chainlink’s announcement of new features for its cross-chain technology and data services boosted investor confidence this week. These updates broaden Chainlink’s importance in the growing areas of tokenization and decentralized finance.

Overall, the feeling around LINK derivatives has stayed positive. Recent trading data, like open interest and funding rates, shows traders are still generally optimistic about LINK, even after the recent price dip.

As a crypto investor, I’ve been watching Chainlink closely, and recently it finally pushed past a key technical level around $9.93 – the 0.382 Fibonacci retracement. That gave it some momentum, and it started heading towards the $10.79 resistance level, but we saw a lot of selling pressure kick in around there, which stalled its progress.

The price has recently dropped back, and is now approaching a key support level around $10.10. This level previously acted as resistance, but held as support after the price recently broke higher.

If LINK stays above its current level, the short-term outlook remains positive. Successfully defending the $10 price point could give buyers the strength to try and reach the $10.8 resistance, and potentially climb further to around $11.64 (based on Fibonacci retracement levels).

The Supertrend indicator confirms a cautiously optimistic view. It recently switched to a bullish signal on the daily chart, suggesting buyers are still in control of the short-term price movement, even with the current sideways trading.

In my analysis, the Aroon indicator is still pointing towards an upward trend. Specifically, the Aroon Up line is staying above 70%, and the Aroon Down is close to 0%. This tells me that buyers are still in control and continue to drive the current trend.

While LINK has seen a significant price increase recently, that upward trend now seems to be slowing down. If the price falls below the $10 level, it could signal further price drops, potentially down to around $9.93 or even $8.87.

For the price to start rising again, buyers would probably need to break above $10.79. If they can do that, it could lead to further gains, potentially reaching $11.6 and then $12.8 in the near future.

Traders are currently watching to see if Chainlink can hold its value above $10. The market is hoping for some positive news that will drive prices up again.

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2026-05-14 15:54