Why Is Chainlink Down Today? $LINK Price Eyes Rally Amid 9% Crash

Why is Chainlink Down Today? $LINK Prediction Hints Crash or Rebound?

Why Is Chainlink Down Today? That's the question most of the crypto community is asking, as Chainlink price crashed 9% in a single day, trading below $16.50 and shaking investor confidence.

But really, this might not be the entire picture! While some individuals fear even larger losses, others see this order as a temporary dip before a big rally. Let's dissect what's actually going on with some $LINK price prediction for 2025.

The Chainlink Price Crash 9% Explained: Natural Dip or Red Flag?

The token has dropped about 9.08% in the last 24 hours, alarming traders. The market cap is currently at $11.19 billion, while daily volume jumped 40% to over $886 million.

High volume during a decline usually suggests panic sell-offs—but also strong interest at lower levels. This crash isn’t just random. The drop is largely seen as a short-term correction. The $LINK token price has been moving to the upside since mid-June, and this cooling off period tends to happen after a nice rally. 

Why Is Chainlink Down Today? Technical Breakdown Inside

Let’s talk about charts. According to the TradinView chart analysis, the technical side offers clues about this sudden fall.

• In the latest Chainlink crypto news today, MACD has just shown a bearish crossover. That’s usually an early signal for a price dip.
  

• RSI has also fallen from overbought levels to neutral (from 65 to 46), which means the token was overheated and needed a pause.
  

• This altcoin is now testing the $15.50 support level. If this holds, it could become the launchpad for the next upward movement.

So these are some of the chainlink price crash reasons. However, being a crypto analyst, my observation suggests this decline is real, but it may just be a bullish step before the next rally begins.

Analyst Speaks: “No Reason to Be Bearish Yet”, Rally Soon

Popular crypto analyst Ali shared a bullish view despite the Chainlink price crash. According to him, as long as it stays above the $13 support zone, there's no reason to panic.

He said the token still follows a “higher high and higher low” structure—a common sign of strength in technical analysis. Over the last 30 days, $LINK has climbed nearly 25%. That kind of performance isn't seen in weak coins.

So while short-term traders might see red, long-term holders could be preparing for green. Now the question isn’t why it is dropping today, but when will it start rallying? Is August the month?

$LINK Price Prediction: Will It Hit $20 in August?

Many are wondering: can the token bounce back toward $20 this month?

Here’s what we know:

• If support level $13 or  $15 holds, momentum could shift upward again.

• Resistance levels sit near $18.50–$20. If bulls return, those targets may be retested in the coming weeks.

A price closer to $20 in August is not a promise, but still possible if sentiment turns and the technicals show strength.

Conclusion: Price May Be Down, But Not Out

In conclusion, the current price crash of 9% is alarming. But this could not be a collapse, but more of a pause before an intense continuation. So, Why Is Chainlink Down Today? It’s likely a short-term pullback. And if support holds firm, the $LINK price prediction up to $20 could still come true. So keep an eye on support and resistance levels, because this might just be the quiet call before the next bullish run.