Rebeca Moen
Feb 20, 2026 04:43
Chainlink trades at $8.59 with technical indicators showing mixed signals. Analyst Ali Charts targets $14.63, but LINK faces immediate resistance at $8.98 amid bearish MACD momentum.
LINK Price Prediction Summary
• Short-term target (1 week): $8.98 (resistance breakout)
• Medium-term forecast (1 month): $8.16-$11.20 range
• Bullish breakout level: $9.68 (Upper Bollinger Band)
• Critical support: $8.16 (strong support level)
What Crypto Analysts Are Saying About Chainlink
While specific analyst predictions from the past 24 hours are limited, recent analysis from Ali Charts (@alicharts) from January 5, 2026, suggested that “Chainlink $LINK could continue pushing toward the top of the channel at $14.63.”
This ambitious target represents a potential 70% upside from current levels, though LINK has struggled to maintain upward momentum since that prediction was made. According to on-chain data and technical analysis, Chainlink faces several hurdles before reaching such elevated targets.
LINK Technical Analysis Breakdown
Chainlink’s current technical picture presents a mixed outlook. Trading at $8.59, LINK sits below most key moving averages, indicating continued selling pressure.
The RSI at 35.69 suggests Chainlink is approaching oversold territory but hasn’t reached extreme levels that typically signal imminent reversals. This neutral RSI reading indicates there’s still room for further downside before a technical bounce becomes likely.
MACD indicators paint a bearish picture with the histogram at 0.0000, showing stalled momentum. The MACD line at -0.6925 remains in negative territory, confirming the ongoing bearish trend structure.
Bollinger Bands analysis shows LINK trading in the lower half of the bands with a %B position of 0.35. The price action between the middle band at $8.84 and lower band at $8.00 suggests continued consolidation, with the potential for a test of support levels.
Key resistance emerges at $8.98 (strong resistance), followed by $9.68 (Upper Bollinger Band). Immediate support sits at $8.37, with stronger support at $8.16.
Chainlink Price Targets: Bull vs Bear Case
Bullish Scenario
For a bullish LINK price prediction to materialize, Chainlink needs to reclaim the $8.98 resistance level with strong volume. A successful breakout could target:
- First target: $9.68 (Upper Bollinger Band)
- Second target: $11.20 (SMA 50)
- Extended target: $14.63 (Ali Charts’ channel top)
Technical confirmation would require RSI breaking above 50 and MACD histogram turning positive. The Chainlink forecast becomes significantly more optimistic if Bitcoin maintains its current levels and broader crypto sentiment improves.
Bearish Scenario
Should LINK fail to hold current support levels, the bearish case targets:
- Initial support test: $8.16 (strong support)
- Extended downside: $8.00 (Lower Bollinger Band)
- Worst-case scenario: $7.50-$7.00 range
Risk factors include continued weakness in the broader DeFi sector, reduced oracle demand, and potential Bitcoin correlation during market stress. The bearish momentum could accelerate if LINK breaks below the critical $8.16 support with volume.
Should You Buy LINK? Entry Strategy
For traders considering LINK positions, the current technical setup offers defined entry points:
Conservative entry: Wait for a successful break above $8.98 with confirmation volume. This approach reduces risk but may miss the initial move.
Aggressive entry: Current levels around $8.59 offer attractive risk-reward, with stop-loss placement below $8.16 support.
DCA approach: Given the range-bound action, dollar-cost averaging between $8.16-$8.98 could prove effective for longer-term positions.
Risk management remains crucial, with position sizes kept modest given the mixed technical signals and broader market uncertainty.
Conclusion
The LINK price prediction presents a cautiously optimistic outlook despite current technical headwinds. While Ali Charts’ $14.63 target remains mathematically possible, Chainlink must first overcome immediate resistance at $8.98 and reclaim bullish momentum indicators.
The most probable Chainlink forecast suggests continued range trading between $8.16-$9.68 over the coming weeks, with a potential breakout dependent on broader market conditions and DeFi sector recovery.
Confidence level: Medium – Technical indicators remain mixed, requiring patience for clearer directional signals.
Disclaimer: Cryptocurrency price predictions are highly speculative and based on technical analysis. Past performance does not guarantee future results. Always conduct your own research and never invest more than you can afford to lose.
Image source: Shutterstock