Chainlink Technical Analysis: Is the Rebound Near?
This dedicated technical analysis dives into the market posture of the LINK token as of October 8, 2025. With the current price situated around $22.00, we evaluate the critical support level at $21.00 and the overhead resistance at $24.00. The Relative Strength Index (RSI) registers a neutral reading of 50, while the Moving Average Convergence Divergence (MACD) suggests a mildly bullish signal. Overall, the short-term market outlook remains neutral, but the confluence of technical factors indicates a substantial potential for a powerful rebound and an upward price trajectory from these established levels.