- LINK shows a slight decline but remains fundamentally stable.
- Technical charts hint at signs of a near-term bullish recovery.
- Investor sentiment is steady amid lower trading volume.
- Telecom partnership may strengthen LINK’s upward potential.
Chainlink (LINK) continues its downward trajectory, showing a gradual decline in value. Over the past 24 hours, LINK’s price has remained nearly stable, but on a weekly scale, it reflects a 2.9% drop, signaling mild bearish pressure in short-term market sentiment
Currently, LINK is trading at $17.36, accompanied by a 24-hour trading volume of $607.86 million, marking a sharp 45.21% decrease. Despite the drop in activity, LINK’s market cap holds steady at $12.1 billion, suggesting that investor confidence remains relatively stable amid reduced market volatility.
Also Read: Chainlink Integration Paves the Way for TON’s Cross-Chain DeFi Expansion
Technical Indicators Signal Recovery Potential
From a technical point of view, Chainlink shows short-term weakness as the price remains below the 9-day EMA ($19.16), indicating that sellers remain dominant. The Bollinger Bands suggest high volatility, with the lower band at $14.87 acting as support. A rebound from this area could spark renewed buying interest if momentum strengthens.
The RSI (44.43) stays below the neutral level, pointing to lingering bearish pressure, but the range also hints at possible consolidation before a recovery. A push above the 50 RSI level would likely confirm growing bullish strength and attract new buyers.
The MACD remains negative, with red histogram bars signaling limited momentum. However, if the price breaks above the $19.20 EMA, it could trigger a trend reversal. The next resistance levels to watch are $21.30 and $27.72, aligning with the upper Bollinger Band and marking a key bullish objective.
AI-Powered Telecom Deal May Drive LINK Up
In a major positive development, Pairpoint, a joint venture between Vodafone and Sumitomo Corporation, has joined forces with Chainlink to identify an AI-based usage-financing framework for telecom infrastructure. Such an initiative could be the growth booster for the LINK token, linking the Chainlink oracle chain to the rapidly expanding telecom sector.
With the Chainlink Runtime Environment (CRE), as well as the framework for secure point pairing from the entity Pairpoint, the data concerning the operation and cost of telecom assets will be recorded on-chain securely through the Runtime Environment (CRE).
The integration also connects with IoTeX’s DePIN ecosystem, increasing the transparency of data and facilitating the real-world adoption of Chainlink’s oracles. Such partnerships are usually the cause for widespread optimism in the market, and the increasing popularity of the telecom solutions based on AI might appeal to new investors in both LINK and other cryptocurrencies, potentially reversing its short-term downtrend and driving prices higher.
Also Read: Pairpoint and Chainlink Launch New Financing Model for AI Network Growth
