The Chainlink price today is consolidating around $24.5, down 4.2% from its recent peak at $26.2. The rejection from the $26–$27 resistance zone has introduced short-term selling pressure, though LINK continues to trade above key dynamic support levels. With both momentum indicators and liquidity signals showing mixed cues, traders are now watching to see whether LINK can defend its recent gains or slip into deeper retracement. Chainlink Price Forecast Table: August 19, 2025 Indicator/Zone Level / Signal Chainlink price today $24.5 Resistance 1 $25.1 Resistance 2 $26.5–$28.0 Support 1 $23.9 (EMA20) Support 2 $22.9 (Fib 0.618) Support 3 $21.5 (Liquidity base) RSI (1H) 46.8 (Neutral) VWAP (Session) $25.1 (Overhead resistance) Bollinger Bands (4H) Midline at $23.3, upper at $26.4 DMI (14) ADX 30.2, trend cooling Supertrend (4H) Bullish above $23.0 Spot Netflow (Aug 18) -$8.9M (Distribution pressure) Fibonacci Levels (Weekly) 0.618 = $22.9 / 0.786 = $26.4 What’s Happening With Chainlink’s Price? LINK price dynamics (Source: TradingView) On the 4-hour chart, LINK remains above its EMA20 at $23.9 and EMA50 at $22.7, showing that buyers still maintain structural control despite the correction. Price also hovers between the midline and upper band of Bollinger Bands, indicating a cooling off phase after the strong rally earlier this week. LINK price dynamics (Source: TradingView) The Smart Money Concepts daily chart highlights that LINK tapped a “weak high” liquidity pocket near $26.5 before retreating. This aligns with a historical supply zone from March, explaining the sharp rejection. Below, the main liquidity cluster sits around $21–$22, a zone that could act as a strong defensive base if selling continues. Why Is the Chainlink Price Going Down Today? LINK price dynamics (Source: TradingView) Why Chainlink price going down today ties back to both technical exhaustion and market flows. On the hourly chart, RSI has cooled to 46 after overbought conditions earlier in the week, reflecting fading bullish momentum. VWAP readings also show LINK consolidating below $25.1, suggesting reduced intraday buying pressure. LINK On-Chain Activity (Source: Coinglass) On-chain, LINK saw negative spot netflows of about -$8.9 million on August 18, confirming mild distribution by investors at higher levels. This outflow aligns with the pullback from $26, showing that profit-taking is currently outweighing new accumulation. Key Indicators Signal Mixed Momentum LINK price dynamics (Source: TradingView) From a weekly perspective, Fibonacci retracement analysis shows LINK rejecting near the 0.786 retracement at $26.4, while holding firmly above the 0.618 zone at $22.9. This suggests that broader structure remains bullish as long as price sustains above $23. LINK price dynamics (Source: TradingView) Supertrend indicator on the 4-hour chart stays bullish above $23.0, offering near-term support. Meanwhile, DMI signals show a slight loss of directional strength, with +DI cooling against -DI, though ADX remains elevated near 30, reflecting that LINK is still in a trending environment. LINK Price Prediction: Short-Term Outlook (24H) If bulls manage to reclaim $25.1 on volume confirmation, LINK could retest the $26–$26.5 resistance zone. A breakout above this band would expose the next upside target near $28. However, failure to hold above $23.9 (EMA20) risks a slide toward the $22.5–$21.5 liquidity zone, where fresh bids are likely to emerge. Given the mix of supportive EMAs, fading RSI, and recent negative flows, the next 24 hours are likely to see a consolidation phase, with volatility spikes possible around the $23.5–$25.5 range. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.