Chainlink (LINK) Price Breaks $11 Post-Fed Rate Cut: What’s Next

Beincrypto
Updated
Mitrade
coverImg
Source: DepositPhotos

Chainlink’s (LINK) price has risen above $11 following the recent Fed rate cut. This increase has ignited fresh speculation about the coin’s short-term outlook.


In this analysis, BeInCrypto examines the factors contributing to the hike, the potential implications of the rate cut, and what traders can expect from LINK.


Chainlink Key Drivers Want More


According to Santiment, alongside the recent rate cut, Chainlink’s 90-day Mean Coin Age (MCA) has risen. The MCA reflects the average age of tokens in circulation, with a low MCA suggesting that previously inactive tokens are being moved from cold wallets, potentially leading to a sell-off and putting downward pressure on the price.


Conversely, a rising MCA indicates that investors are holding onto their tokens and engaging less in trading activity, often signaling a long-term hold strategy. In Chainlink’s case, the spike in the MCA suggests that many investors are choosing to keep their LINK tokens dormant or moving them into self-custody, reducing selling pressure.


Read more: How To Buy Chainlink (LINK) and Everything You Need To Know

Chainlink 90-Day Mean Coin Age. Chainlink 90-Day Mean Coin Age. Source: Santiment


Beyond the rising coin age, the 4-hour LINK/USD chart reveals a surge in the Cumulative Volume Delta (CVD), a key indicator of market sentiment. Each bar on the CVD shows whether the market is dominated by buying or selling activity. Red bars signal selling pressure, which could drive the price down.


In LINK’s case, the chart shows five consecutive green bars, indicating sustained buying pressure. This suggests that the market’s demand for LINK is growing, potentially supporting the continuation of its uptrend.

Chainlink Cumulative Volume Delta.Chainlink Cumulative Volume Delta. Source: TradingView


LINK Price Prediction: Further Gains


The daily chart shows that Chainlink is holding strong at the $10.02 support level, which played a key role in its recent breakout above the $10.83 resistance. Currently, LINK is trading at $11.30, with no significant resistance in sight to halt the uptrend.


Using Fibonacci retracement levels to assess potential price targets, LINK’s next likely move could take it to $11.86, corresponding to the 38.2% Fibonacci level. If it breaks past this point, the next target could be around $12.98, a level that appears within reach given the current momentum.


Read more: Chainlink (LINK) Price Prediction 2024/2025/2030

Chainlink Daily Analysis. Chainlink Daily Analysis. Source: TradingView


However, the cryptocurrency could experience a pullback if it fails to surpass $11.86. If that happens, LINK might drop to $9.25. 

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Trump Media’s $2 Billion Bitcoin Buy Sparks Surge In Stock PriceTrump Media experienced a notable uptick in its stock price (DJT) on Monday, closing up 3% after an intraday rise exceeding 5% to reach $19,25 per share.
Author  NewsBTC
1 hour ago
Trump Media experienced a notable uptick in its stock price (DJT) on Monday, closing up 3% after an intraday rise exceeding 5% to reach $19,25 per share.
placeholder
Cathie Wood's Ark Invest bought 4.4M Bitmine shares as ETH ralliesCathie Wood's ARK Invest acquired over 4.4 million shares of Bitmine Immersion Technologies (BMNR), an Ethereum treasury firm.
Author  Cryptopolitan
1 hour ago
Cathie Wood's ARK Invest acquired over 4.4 million shares of Bitmine Immersion Technologies (BMNR), an Ethereum treasury firm.
placeholder
Bitcoin Holders Are Taking Profits—But Is the Top Still Far Away?Bitcoin’s recent price movement reflects a pause in the broader uptrend, with the asset trading at $117,901 following a near 5% weekly decline.
Author  NewsBTC
4 hours ago
Bitcoin’s recent price movement reflects a pause in the broader uptrend, with the asset trading at $117,901 following a near 5% weekly decline.
placeholder
Solana Surges Over 12% — Breaks $200 to Hit 5-Month HighSolana (SOL) extended its rally, jumping 12.11% in the past 24 hours to a high of $203.86, marking its strongest level since February 2025.Solana 4-Hour Price Chart –
Author  TradingKey
8 hours ago
Solana (SOL) extended its rally, jumping 12.11% in the past 24 hours to a high of $203.86, marking its strongest level since February 2025.Solana 4-Hour Price Chart –
placeholder
Binance altcoin trading hits highest volume since February, surges past $100BAltcoin trading volume on Binance Futures reportedly reached and crossed the $100 billion margin in a single day, its highest level since February 3, 2025.
Author  Cryptopolitan
9 hours ago
Altcoin trading volume on Binance Futures reportedly reached and crossed the $100 billion margin in a single day, its highest level since February 3, 2025.