Deep in the autumnal season of 2025, as the yellow leaves of the crypto market shed their value as is often the case, Chainlink (LINK) stands tall like a 'sturdy, deep-rooted tree' against the tempest, patiently awaiting the next spring and season of growth. Today, November 25th, the price of LINK has found temporary stability around $12.57 – a figure that brings a small 'sigh of relief' to buyers, riding a 1.39% 24-hour uplift from its daily candle opening at $12.45 in GMT. But the pivotal question remains: How long will this surface calm and temporary respite hold amidst the broader bearish downpour and prevailing selling pressure? Let's peel back the layers of the chart with a straightforward, transparent technical analysis, because I firmly believe that price charts act as the 'market’s diary'; every line, every candle, and every price movement narrates an untold story of fear and greed dominating investor sentiment. Initially, we must scrutinize the macro trend and the large picture for LINK. LINK has suffered a devastating plunge, tumbling over 76% from its all-time high of $52.88 recorded in March 2024, and is currently grinding distinctly within a defined 'Descending Channel.' This channel, characterized by trendlines connecting consecutive 'lower highs' and 'lower lows,' unequivocally signals a sustained and systematic selling pressure in the long term. The 24-hour trading volume has reached $673 million, representing 8.21% of its $8.2 billion market cap – while this number is middling, a significant '40% recent spike' in 'Whale Wallet accumulation' (involving over 40 million tokens) is a key observation that commands attention. Some active traders on social media believe this massive accumulation is a strong indication of a 'local bottom formation.' Nevertheless, the overall market environment remains 'eerie' and cautious, with Bitcoin’s 25% drop in November placing it around $80,553 and the Fear & Greed Index reading at 19 (Extreme Fear). Next, we focus on the critical Support and Resistance Levels, which function as the twin 'sentinels' dictating the price's future path. The primary key support for LINK lies in the zone between $12.17 and $12.50 – this area is critically important because it is where the 61.8% Fibonacci Retracement level from the previous summer upleg 'overlaps' with the 'October lows.' Successfully holding above this crucial level could forge a 'solid and stable floor' for the price, luring institutional and large buyers back into the arena. However, should there be a 'decisive slip below'? Then the lower levels of $10 (a downside forecast by some analysts) or even $9.50 will seriously loom on the bearish horizon. Conversely, the first resistance level awaits at $13.91, where the 50-Day Simple Moving Average (50-Day SMA) – currently around $13.79 – intersects with the 'November highs.' Pushing beyond that, the $14.56 level acts as a 'sturdy resistant wall' whose decisive breach will unlock the path toward $14.25 (a December upside call by some analysis platforms). These levels are akin to 'suspension bridges' on a treacherous mountain road: successfully crossing them makes 'flight and growth' possible; otherwise, it results in a 'plunge.' We must not overlook the technical indicators; they serve as the 'market's vital signs.' The 14-Period Relative Strength Index (RSI) is hovering at 38.66 – this state is not fully 'oversold' (below 30), but it is close, which is often interpreted as a 'prelude' to a potential reversal. In strong bearish trends, the RSI can 'dawdle' in this region for extended periods, but a decisive push above the 50 level will strongly confirm 'bullish momentum.' The Moving Average Convergence Divergence (MACD) is still in a bearish phase: the MACD line is under the signal line, with a negative histogram highlighting the selling pressure. Nevertheless, a crucial 'Positive Divergence' is brewing (the price is setting 'lower lows,' but the MACD is signaling 'higher lows') – this phenomenon is like a 'light in the dark,' suggesting that selling pressure might be running out of steam. The Bollinger Bands are squeezing tightly, with the price kissing the lower band ($12.56 24-hour low), promising a 'Volatility Burst' in the near future. The 200-Day Moving Average (200-Day MA) is distant at $17.86, but nearing the 50-day MA could spark a potential 'Bullish Crossover.' Chart Patterns complete the final pieces of the puzzle. LINK has recently sketched a 'Falling Wedge' pattern – a setup that traditionally leads to a strong 'Bullish Reversal,' especially when confirmed by volume upticks at the lows. A decisive break from the upper edge of this pattern (around $13.50) activates the upside target of $15.38. However, should the price break down, a 'Descending Triangle' pattern completes, pointing toward a bearish target of $11.50. The Fibonacci Extension from the recent downward move places the 161.8% level at $14.25 as an initial upside target. From the Ichimoku perspective, the cloud dips down, and the Tenkan-Sen is below the Kijun-Sen, indicating a bearish tilt – but piercing the cloud will be a powerful 'trend-changing signal.' Analysts on X (formerly Twitter) are dubbing this wedge pattern a great opportunity for a 'long setup,' while others hold their 'short' positions until definitive proof emerges. External and fundamental factors also influence the backdrop, though our focus remains primarily on the technical aspects. $4.5 million in 'Short Liquidations' over the past 24 hours have eased some of the selling pressure, and the RSI's near-oversold status significantly increases the probability of a 'rebound.' On lower timeframes, such as the 1-hour chart, price 'rejection' is seen near the $12.70-$12.80 area, but the 4-hour chart displays a 'Hammer' candlestick, a classic pattern for a bullish reversal. Short-term play: A close above $12.80 makes a retest of $13.91 highly probable; otherwise, a return to $12.17 support is expected. For the entire month of November, the range of $12.17 to $13.91 is a realistic scenario, averaging around $13.01. Let's adopt a longer-term view. LINK, with its Total Value Locked (TVL) surpassing $93 billion and its pivotal role in Real World Assets (RWA) and the Decentralized Finance (DeFi) ecosystem, boasts immense future growth potential. If the 2025 Bull Market ignites with force, forecasts reaching $25-$30 by renowned analysts become entirely plausible. However, risks associated with 'Token Unlocks' and increasing competition from other oracle networks must be factored in. The monthly chart also exhibits a 'Symmetrical Triangle' pattern, where an upside breakout would activate a long-term target of $38.26. Some experts even project $100 by the end of 2025, but realistically, an average price of $19-$22 for the next year seems more grounded. This inherent uncertainty and volatility is the 'essence of crypto' – a realm where a single significant headline can rewrite the entire market narrative. In conclusion, November 25, 2025, positions LINK on the 'technical cliff's edge': will it cling to the vital $12.17 support or dive into a deeper bearish phase? Given the near-oversold RSI and the brewing 'Positive MACD Divergence,' my inclination leans toward a 'mild and cautious rebound,' but under no circumstances should risk management be underestimated. The key actionable takeaway: Place your protective Stop-Loss order logically below $12.17 and await 'decisive confirmation' for the price to close above the $13.50 resistance. Charts are merely 'advisors,' not 'divine prophets'; always perform your own thorough research (DYOR) and enter trades with small, controlled capital. This might be the 'ultimate bottom' – or it might not. But tracking this price battle is akin to watching a purely thrilling, nail-biting sporting match.