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Chainlink prices in the downward trend: is there any further reset?
Chainlink (link) records a price drop and risks due to falling interest among investors and dealers on 31,10.2025.
Chainlink prices in the downward trend: is there any further reset?
On October 3, 2025, it was reported that the price of Chainlink (link) fell by 2% and now noted near his 50-day exponential moving average (EMA) of USD 22.15. Signs from on-chain data and derivatives indicate a risk of further declines, since the interest of traders and large wallet investors, also known as "whales", goes back. The large wallet investors recorded a profit increase of 84.98 million link tokens on Monday, which coincided with 102 whale transactions.
Currently, 88% of the link offer is at a profit, an increase of 84.75% on Monday, which indicates a reduced sales pressure according to the previous waves of sales. The retail demand for chainlink has also been understood in a decline, since the open interest (OI) of Link has dropped by over 3% to USD 1.32 billion in the last 24 hours. A decline in the OI indicates that traders close their positions, which reflects a risk aversion voltage field.
Market situation and trade activity
Despite the declining OI, the OI-Poolte Funding rate for link over 0.0101%, which indicates persistent demand in the derivative market. The combination of falling Oi and high fundning rates suggests that traders enter deleveraging or shorter positions. This could establish longer price consolidation or a reset.
The price of Chainlink is approaching its 50-day EMA, which increases the risk of early downward trend within a larger symmetrical triangle pattern in the daily type. A decisive decline among the 50-day EMA could lead to a test of the support trend line of the triangle near the 100-day EMA at $ 20.68.
Technical indicators and pricing potential
The momentum indicators show mixed signals. The relative strength index (RSI) is 49, which is neutral, but shows in descending tendency, which indicates a possible decline in buying pressure. The Moving Average Convergence Divergence (MACD) lists a flat development over its signal line, which indicates a lack of bullish momentum. However, if Link bounces off the 50-day EMA, the system could test the resistance trend line of the triangle at $ 23.65, with a potential outbreak resistance at $ 25.64, high from September 13.
In summary, the Chainlink market is currently in a phase of uncertainty and could experience a decisive turn in the coming days, while retailers adapt their strategies and react to the changing conditions.
Fxstreet reports that ...