Is This the Bottom for Chainlink? Analysts Predict a Powerful $30 Reversal
Let’s be real — Chainlink (LINK) has had a rough 24 hours. The token tanked over 21%, falling from around $22 to $17.51. That’s a painful move, especially for holders who’ve been riding its recent bullish wave.
But here’s the thing — not everyone’s panicking. In fact, some top analysts believe this dip could set the stage for a strong comeback. If key support levels hold, LINK could be gearing up for a rebound toward the $30 mark.
Let’s break it down. 👇
The Market Just Hit the Reset Button
Chainlink’s massive 21.63% drop didn’t happen in isolation. The entire crypto market got shaky, and volatility spiked everywhere. Still, something interesting happened — trading volume exploded to nearly $4 billion.
That kind of surge usually tells us one thing: traders are repositioning. They’re cutting losses, flipping short-term trades, or buying the dip.
LINK lost its footing around the $18 and $20 psychological levels, which were supposed to act as support. Now, all eyes are on $17.50 — the current “battle zone.” If the price stabilizes here, it could be the launchpad for the next leg up.
Why Analysts Aren’t Giving Up on LINK
One well-followed analyst, The Great Mattsby, pointed out something most traders miss — the 45° trendline that’s guided LINK’s long-term growth is still intact.
That line, sitting between $14.50–$17, has historically been where LINK bounces hard. Mattsby calls it “the backbone of Chainlink’s bullish structure.”
If that area holds again, we could see a clean rebound toward $28–$30, aligning perfectly with previous price cycles.
In other words: the structure is bruised, not broken.
Smart Money Is Watching the VWAP
Another analyst, Mac, is also seeing opportunity. He noted that LINK’s latest dip pushed it right to its Yearly Volume Weighted Average Price (VWAP) — a level institutional traders love to monitor.
That’s important. When prices hit VWAP after a major correction, it often means leverage has been flushed out of the system. Translation? The weak hands are gone, and the market’s ready to reset.
Mac also highlighted that Chainlink’s moving averages look cleaner than most altcoins right now — a strong signal that selling pressure might finally be cooling.
He expects a near-term bounce to the $19–$20 range, with potential for more upside once confidence returns.
The Bigger Picture: Consolidation Before the Climb
Technically, Chainlink’s chart still shows a broader upward trend. We’re in a consolidation phase — not a collapse.
If LINK holds above $17 support and breaks through $18–$19 resistance, momentum could flip bullish fast. From there, a move to $28–$30 becomes a realistic target.
But — and this is key — if that support breaks, the next safety net is around $15.
So traders are watching this range closely. It’s the difference between a healthy correction… and a deeper slide.
Bottom Line
Yes, Chainlink’s drop was ugly. But every correction in crypto carries a silver lining: opportunity.
Analysts are clear — if LINK can hold its support zones and volume stays strong, this could be one of those “shakeouts before takeoff” moments.
And if that plays out, a rally back to $30 isn’t just possible — it’s probable.
