- Chainlink drops 9% in 24 hours, nearing the key $15–$14 zone that could define its next price direction.
- Traders remain long-biased, with Binance’s long/short ratio at 2.13 and OKX at 2.44.
- Holding above $14 may support recovery, while losing it risks a slide toward $12–$10.
Chainlink’s market activity has entered a decisive stage as the token trades around $14.70. After a sharp decline, attention has shifted to the $15–$14 area — a technical floor that may decide whether LINK finds stability or weakens further.
Chainlink’s Structure Centers on a Make-or-Break Zone
Analyst Ali (@ali_charts) described the $15–$14 region as a “make-or-break” area for Chainlink. His long-term chart outlines an ascending channel that has guided LINK’s price path since early 2023. This zone marks the channel’s lower boundary, an area that has consistently attracted buyers during prior dips.
Recent price activity indicates that LINK is drifting downward since it had hit higher levels beyond the $16 mark, which could not be maintained by buyers. The failure resulted in a new wave of selling with the token approaching its most vital structural point in months, and that is why the next few days are crucial to traders.
Assuming that LINK is able to sustain this level, it may be allowed to verify that the broader trend has not been lost, giving it a chance of moving to $27 in the medium term. A clear violation of less than $14 would signal the end of the upward trend and expose lower levels of between 12-10, where the next high demand area is located.
Derivatives Metrics Indicate Persistent Long Confidence
Despite the ongoing correction, Chainlink’s derivatives data suggest traders are not abandoning bullish expectations. On Binance, the long/short ratio stands at 2.13, while OKX shows a slightly stronger 2.44. These figures indicate that most market participants continue to position for recovery.
Top traders on Binance maintain a 2.07 ratio favoring long positions, reflecting continued institutional and professional interest. Such positioning often signals that traders see current prices as a potential accumulation zone rather than a risk zone. It also shows that sentiment remains cautiously optimistic despite short-term volatility.
Liquidation data from Coinglass reveal around $291,000 in long positions closed over the past hour, compared with $105,000 in short liquidations within four hours. This would imply that recent downside pressure came mainly from the clearing out of over-leveraged longs rather than new bearish momentum entering the market.
Price and Volume Behavior Suggest Short-Term Exhaustion
The token is down about 9.5% over the last 24 hours and 18.7% over the week at $14.67. The decline still keeps Chainlink up 36% year-over-year, and the broader channel structure has remained intact. This long-term strength provides some context for the current short-term weakness.
Trading activity has intensified during the downturn. Binance has registered more than 655 million in volume within 24 hours, a 56.8 percent improvement whereas OKX had a volume of approximately 266 million. Sudden sharp volume rises on corrections are usually indicative of a period of repositioning with traders closing or re-entering leveraged positions.
If volume begins to cool while prices stabilize above $14, LINK could enter a consolidation range that precedes a rebound. Historically, this price region has acted as a “reset zone” — a point where long-term investors reaccumulate before larger upward cycles. A hold above $15 may confirm that dynamic again, setting the stage for recovery toward $16.50–$17.00 in the near term and possibly $27 later on.
