Is LINK at risk of falling to $7.5?

Chainlink (LINK) is facing strong selling pressure as the price has dropped double digits over the past week. An analyst predicts a potential deep drop to $7.5. This scenario for LINK aligns with the overall market performance.

With the crypto markets and other risky assets experiencing severe fluctuations, LINK has intensified its downward momentum. The current macroeconomic and geopolitical conditions exacerbate the situation and are unfavorable for the bulls in the short term.

LINK price today

LINK price has lost more than 17% in a week. In the past two weeks, this altcoin has dropped nearly 30%, currently trading at around $11.2.

As mentioned, this downward trend occurs against the backdrop of overall market volatility, with tariffs and macroeconomic factors strongly impacting cryptocurrencies. Bitcoin and ETH have also seen significant declines in recent days.

During that time, the LINK price has been on a marked downward trend, from a high of $16 on March 26 to around $10.21 on April 7, 2025.

If the market continues to plummet, a deep correction could push Chainlink's price below $10. The overall trend of this altcoin is similar to risky assets - primarily a bearish trend.

LINK collapses to 7**,5** dollars?

As Ali Martinez noted, LINK's outlook remains uncertain. Although the market may turn bullish if sentiment changes, current predictions favor a downtrend before the market finds its fulcrum.

Source: Ali MartinezTherefore, LINK falls below the trendline support and important Fibonacci retracement levels indicate that there may be additional pain, even very devastating. In particular, Chainlink has surpassed the 0.5 Fib level.

If the price continues to drop and breaks through Fib 0.618 – an important level that traders often monitor, this could lead to a sharp decline below the psychological level of 10 dollars.

If selling pressure continues, the technical picture indicates the risk of sliding down to Fib 0.786 – corresponding to $7.5. Such a scenario would represent a significant decrease of 35% from the current price just above $11.

A lack of buying motivation and an inability to regain the trend line will increase the risk of this bearish scenario. The level to watch remains the demand regeneration area above $10. Additionally, events in the broader market are also very important. If BTC and ETH stabilize above key levels, LINK could benefit from that.

Disclaimer****: The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions*

• Chainlink is entering a critical phase as accumulation increases, but on-chain signals still lean towards a bearish trend.
• 2 factors that will cause LINK to increase by 35%
• Whales sold 801 billion SHIB in 24 hours, how did it affect the price?

Dinh Dinh

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width: 728px; height: 90px; } }