One Cryptocurrency Trading Above the Support Levels- Chainlink (LINK)

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Chainlink (LINK) is a decentralized oracle network designed to deliver trustworthy, real-world data to smart contracts on the blockchain. Its native cryptocurrency, LINK, powers the network. By bridging the gap between on-chain and off-chain systems, Chainlink enhances the functionality of smart contracts self-executing programs that trigger actions based on predefined conditions. LINK has a market capitalization of ~USD 16.13 billion (as per TradingView as of September 11, 2025).

For the week ending September 5, 2025, the S&P Cryptocurrency Broad Digital Market (BDM) Index advanced 141.74 points, or 2.19%, to close at 6,605.69. The index began the week on a positive note and extended gains on the back of broad-based strength in digital assets. As the new trading week commenced on September 8, early signs of positive momentum have emerged. Renewed buying interest, supported by sustained bullish sentiment across the cryptocurrency space, has helped stabilize market conditions. Strength in major assets such as Bitcoin and Ethereum has further bolstered investor confidence, improving the near-term outlook and pointing to potential momentum for recovery.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one cryptocurrency that seems ‘Attractive’ at the current level appears to be Chainlink (LINK) based on the below technical parameters: -

Chainlink (LINK):

Noted below are the generic insights, indicative entry price, support, and resistance levels for the next 1-2 weeks duration for the LINK:

Entry level and Resistance Levels as mentioned herein are only indicative in nature as per trend analysis and further evaluation is required when looking at cryptocurrency under discussion.

Note: The reference Information in this report has been sourced from TradingView.

LINK Technical Analysis Summary (On the Daily Chart):

LINK is trading above a key rising trendline support at $22.256, a historically significant level that has repeatedly limited downside moves. Price action is maintaining a positive bias and preserving upside momentum. The 14-period RSI, at 54.13, suggests room for a further recovery in bullish momentum. Additionally, LINK remains positioned above its 50-period Simple Moving Average (SMA), which continues to provide dynamic support.

The MACD line remains above the zero line, reinforcing bullish momentum. At the same time, prices are trading above the Parabolic SAR, which continues to confirm near-term support. Now the next resistance level appears to be at USD 26.40, and prices may test this level in the coming sessions (1-2 weeks).

Noted below are the key positives and negatives when looking at Chainlink (LINK) in the cryptocurrency space: -

Advantages of LINK:

• Real-World Use Cases: Powers DeFi platforms, insurance contracts, gaming apps, and more with accurate external data (e.g., price feeds, weather data).
• Strong Partnerships: Collaborations with major projects like Google Cloud, SWIFT, and leading DeFi platforms such as Aave and Synthetix.

Disadvantages of LINK:

• Complexity: The system’s architecture and operation can be technically challenging for developers to implement correctly.
• Dependency Risk: Many DeFi projects depend heavily on Chainlink. If the network faces issues, it could affect multiple platforms.

Conclusion:

Based on the above-mentioned price action analysis and technical indicators outlook, Chainlink (LINK) may witness movement in the upside direction. The trend looks to be in an interesting space and the currency looks ‘Attractive’ given the current price of USD 23.717 as on September 11, 2025, at 6:00 PM, (GMT+10) Time in Sydney NSW, Australia. However, volatility in the price should be borne in mind when looking at further evaluation for investment scenarios. Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while making investment decisions.

Related Risks: Based on the technical analysis, the risks are defined as per risk-reward ratio (~0.80:1.00), however, returns are generated within 1-2 weeks’ time frame. This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the cryptocurrency has not been considered in the decision-making process. Other factors which could impact the cryptocurrency prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Note 1: When a Cryptocurrency price is expected to move upward in the short-term (1-2 weeks), it is termed as 'Attractive’, while if a downward movement in prices is expected in a Cryptocurrency it is termed as 'Non-Attractive'. In general, for an ‘Attractive’ cryptocurrency an exit position can be considered if the Resistance Levels or Indicative Stop loss mentioned as per the technical analysis has been achieved. If the cryptocurrency looks ‘Non-attractive’ an exit position can be considered if the Support Levels or Indicative Stop loss mentioned as per the technical analysis has been achieved. Investment decision should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Kalkine reports are prepared based on the crypto prices captured from either REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect crypto prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 2: How to Read the Chart?

The Green colour line reflects the 21-period simple moving average (SMA) while the red line indicates the 50-period SMA. SMA helps to identify existing price trends and if the prices trade above the 21-period and 50-period SMA, then in general it shows an uptrend trend.

The Black colour line in the chart’s lower segment is a 14-period Relative Strength Index (RSI) which indicates momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

The Blue colour bars in the chart’s lower segment show the volume of the Cryptocurrency. The volume is the quantity that changed hands during the given period. Cryptocurrencies with high volumes are more liquid compared to lesser once and higher volumes help in easier and faster execution of the order.

The Orange colour lines are the trend lines drawn by connecting two or more price points and used for trend identification purposes. The trend line also acts as a line of support and resistance.

Technical Indicators Defined: -

Support: A level at which the Cryptocurrency prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the Cryptocurrency and if the price breaches the level, then Support 2 may act as the crucial support level for the Cryptocurrency.

Resistance: A level at which the Cryptocurrency prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the Cryptocurrency and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the Cryptocurrency.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the Cryptocurrency prices.

A trailing stop-loss is a modification of stop-loss in case of favourable movement in the price to protect the gains. It is suggested to Trail the Stop-Loss as per the aforementioned levels if the Cryptocurrency price achieves more than 60% of the Resistance 1. individuals, in general, might consider exiting from the position as per the Trailing Stop-Loss level if the price starts moving downwards after achieving more than 60% of Resistance 1. However, these indications need further evaluation basis associated risks and any change in trends.

The reference date for all price data, currency, technical indicators, support, and resistance levels is September 11, 2025, at 6:00 PM, (GMT+10) Time in Sydney NSW, Australia. The S&P Cryptocurrency BDM Index in this report has been sourced from REFINITIV.

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

RSI: Relative Strength Index

USD: United States dollar

Note: Trading decisions require a thorough analysis by individuals. Technical reports in general chart out metrics that may be assessed by individuals before any Cryptocurrency evaluation. The above are illustrative analytical factors used for evaluating the Cryptocurrency; other parameters can be looked at along with additional risks per se. Past performance is neither an indicator nor a guarantee of future performance.

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