- LINK is trading around $15 with weak price action and lower volume, but it’s sitting on a crucial long-term support trendline that could act as a launchpad for a rebound.
- Chainlink’s new Confidential Compute upgrade aims to bring real privacy to on-chain activity, enabling private transactions and institutional-grade smart contracts for banks and enterprises.
- If support holds, analyst projections suggest LINK could first target the $26 resistance area and, with strong momentum, potentially extend toward the $47 zone, while a breakdown would likely delay any major bullish move.
Chainlink (LINK) has been stuck in a rough patch lately, drifting lower as broader crypto sentiment turns shaky again. The price has been following a clear downward path, and it’s starting to show in how cautious investors are behaving. Over the last 24 hours, LINK has slipped almost 2%, and zooming out a bit, the weekly performance looks even heavier, with a drop of about 12.43%. Not catastrophic, but definitely not the kind of action that inspires instant confidence.
At the time of writing, LINK is trading near $15.36. Daily trading volume is sitting around $624.49 million, which actually marks a sharp 44.18% decrease from the previous day. That kind of drop in volume usually hints at hesitation – fewer traders are willing to make big moves at these levels. Chainlink’s market cap is hovering around $10.71 billion, keeping it firmly in the large-cap category, but the price action clearly reflects the current wave of volatility rolling through the crypto space.
Chainlink pushes privacy forward with Confidential Compute
While the price is wobbling, the fundamentals side of the story is heading in a very different direction. Chainlink recently announced a new feature called Confidential Compute, aimed at solving one of the biggest unresolved problems for institutions moving on-chain: privacy. As the team pointed out, privacy has always been a core pillar of traditional finance. It’s the quiet part of the system that still underpins trust, security, and integrity whenever serious money moves.
The big challenge has been bringing that same level of confidentiality into decentralized systems. Without strong privacy guarantees, institutional-grade smart contracts can’t really reach their full potential, because no bank or major fund wants all of its strategies and flows exposed on a public ledger. That’s where Confidential Compute steps in.
This new service is designed to enable private transactions, privacy-preserving tokenization of real-world assets, and confidential data distribution on-chain. In other words, it lets institutions use blockchain rails without putting all of their sensitive information on display. By doing that, Chainlink is trying to bridge the gap between traditional finance and DeFi, giving enterprises a way to operate on-chain in a compliant and controlled way. If it works as intended, it could be a big piece of the puzzle for broader institutional adoption.
LINK approaches crucial support with eyes on a possible big rally
On the technical side, things get a lot more interesting. Crypto analyst Ali highlighted that Chainlink has now fallen back to a crucial long-term support trendline. This isn’t just another random level on the chart. It’s the kind of structural support that often marks major turning points in an asset’s bigger cycle.
For traders watching closely, this zone could act as a launchpad if buyers step in with enough force. A strong defense of this support area would likely be interpreted as a sign that bulls are still very much alive and willing to fight for control. According to Ali’s outlook, if this support holds up, LINK has room to push toward a resistance region around 26 dollars, which would already be a meaningful recovery from current prices.
If momentum really kicks in and broader sentiment improves alongside it, the next extended target on the table is up near 47 dollars. That’s a huge jump from where LINK is now, and of course it’s not guaranteed, but it shows how much upside traders are eyeing if this support zone does its job.
Bulls want a rebound, bears are watching for a breakdown
For now, Chainlink is sitting at a pretty important crossroads in its market structure. Traders are tracking every little move near this key trendline, trying to figure out whether it will act as a firm floor or give way under pressure. A strong bounce from support, backed by volume and improving sentiment, would confirm that bulls are still confident and willing to accumulate on weakness.
On the flip side, if LINK fails to hold this area and breaks down decisively, it would likely signal a temporary pause in its upward ambitions. That wouldn’t necessarily kill the long-term story, but it would suggest that the market needs more time – and probably better macro conditions – before a serious rally can resume.
For now, the message is a bit mixed: price is weak, volume has cooled off, but fundamentals are evolving and technicals are circling a key support level. When those kinds of ingredients line up, the next big move tends to arrive sooner than most retail traders are ready for, in one direction or the other.
