Chainlink Struggles to Break Through $15 Resistance

After a promising start to June, Chainlink’s price momentum has slowed significantly. It’s failing to break past the $15 resistance level. Despite a short rally that brought it from $13 to nearly $16, the token has pulled back sharply, dipping as low as $11.20 before recovering slightly. At the time of writing, LINK trades around $13.18. As volatility comes back, investors are closely watching a few key technical levels that will decide Chainlink’s short-term direction.

$15 resistance could prove heavy

According to on-chain analyst Ali Martinez, the $15 zone is a major resistance point for LINK. His analysis points to cost-basis clustering, where large groups of holders acquired LINK at similar prices, as a key metric for identifying future sell zones.

One key resistance level to watch for Chainlink $LINK is $15.30, breaking above it could open the door to higher highs! pic.twitter.com/sr0jtZ8jcb

— Ali (@ali_charts) July 4, 2025

Between $14.88 and $15.32, roughly 10,440 addresses purchased nearly 89.6 million LINK tokens, with an average cost basis of $15.12. That’s more than $1.36 billion in potential supply overhead.

This region forms a clear risk. Many holders are sitting on break-even positions and may look to exit if LINK revisits this range, creating significant selling pressure.

$13 support still intact

The good news for bulls is that Chainlink has strong support not far below its current level.

According to IntoTheBlock data, the $12.87 to $13.26 region is acting as a key support area. Over 20,000 addresses acquired 53.9 million LINK tokens around an average price of $13.05.

This suggests that if LINK dips again, buyers in this zone could step in to defend their positions, helping prevent a deeper dip below $13.

Short-term outlook

While Chainlink is far from collapsing, its struggle to reclaim higher ground, particularly the $15 level, shows a market still driven by cautious optimism.

With broader crypto sentiment wavering and Bitcoin dominance ticking higher, altcoins like LINK may continue to trade sideways until stronger macro signals emerge.

Still, if bulls can push LINK above $15 and turn that resistance into support, it could open the door to a more sustained recovery. On the other side, a breakdown below $13 could see LINK retest its June lows near $11.20. For now, all eyes remain on the $13 to $15 range. A breakout in either direction will probably set the tone for what’s next for Chainlink.