Chainlink Faces $18.25 Hurdle: Will Bulls Prevail or Bears Take Control?

In November 2025, Chainlink’s price movement has captured the interest of both analysts and traders, as several important price points have emerged as potential signals for either a reversal or ongoing downward momentum. The token is currently fluctuating within a narrow band between $16.5 and $18.5, with crucial support and resistance levels likely to influence its short-term direction. Technical experts point to the presence of a symmetrical triangle and an ascending wedge, both indicating that a significant price move—either upward or downward—could occur as the month advances, according to a

.

On-chain metrics add further complexity to the outlook. Large holders, or whales, have become more active, with the top 100 wallets increasing their LINK holdings by 1.84% over the past week, bringing their collective total to 634.22 million LINK. This accumulation, worth around $205 million, reflects growing confidence among major investors despite the sideways price movement, as reported by a

. At the same time, the Relative Strength Index (RSI) is showing signs of improvement after a previously hidden bearish divergence earlier in the month, which may indicate that selling pressure is easing and the market could be stabilizing, according to Yahoo Finance.

There is a significant support area between $13.50 and $14.50 that has been tested multiple times in Chainlink’s price history. Analysts believe that if buyers defend this zone, it could spark a rebound. Successfully holding this level might push LINK toward its yearly peak of $27.86, and potentially up to $46 by mid-2026, according to Coinpedia. On the other hand, if the price falls below $17.38 or $16.98, it could drop to $15.72, confirming a bearish scenario, as noted by Yahoo Finance analysts.

On a fundamental level, Chainlink’s ecosystem is growing stronger. New collaborations, such as the recent partnership with S&P Global, are boosting the reliability of its on-chain data. Additionally, the expansion of the

Reserve and a decreasing exchange supply ratio could set the stage for a rally driven by limited supply, as highlighted by Coinpedia. These factors emphasize the project’s durability in the face of broader market uncertainty and macroeconomic challenges.

Overall market sentiment is cautiously optimistic. Following a 15% drop in October, Chainlink is now being viewed as a potential “hidden gem” with breakout prospects, according to Yahoo Finance. The current consolidation phase mirrors past periods when long-term investors accumulated during low-volatility stretches, potentially paving the way for increased demand by the end of the year.

As November continues, traders are watching closely to see if Chainlink can maintain key support levels and signal a bullish turnaround. A move above $18.25 could support a technical case for a rise to $20.18 or higher, while a sustained dip below $16.98 might prolong the correction. With both technical indicators and on-chain data suggesting a decisive month ahead, the next few weeks will be especially important for LINK investors and market watchers.