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    Home»Markets»LINK Price Surge May Be in Jeopardy as Charts Indicate Signs of Exhaustion
    Markets

    LINK Price Surge May Be in Jeopardy as Charts Indicate Signs of Exhaustion

    Ethan CarterBy Ethan CarterAugust 30, 2025No Comments3 Mins Read
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    LINK Price Surge May Be in Jeopardy as Charts Indicate Signs of Exhaustion
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    Chainlink (LINK) has emerged as a strong contender in the market, experiencing a rally of over 109% in the past year. In the last three months, the LINK price has surged approximately 68.5%.

    However, the past week has shown some weaknesses, with the token dropping over 9%. On-chain metrics and technical charts indicate that the year-long uptrend may be losing momentum, at least temporarily.

    Profit-Taking Pressures Increase As Holders Benefit

    One evident sign is the percentage of LINK supply currently in profit, which remains at historically elevated levels.

    As of August 29, nearly 87.4% of the circulating supply is in profit, close to the recent high of 97.5% reached on August 20. This peak corresponded with the LINK price climbing to $26.45, which quickly retraced over 6% to $24.82 the following day.

    LINK supply in profit
    Chainlink Price And Supply In Profit: Glassnode

    A review of earlier data reveals a similar trend. On July 27, the percentage of supply in profit was 82.8%, just before LINK corrected from $19.23 to $15.65, marking a 19% drop. The current level near 87% is again alarmingly high, suggesting increased risks of profit-taking.

    LINKUSDT 2025 08 30 14 22 27
    LINK Capital Inflows Indicating Bearish Trends: TradingView

    Additionally, the Chaikin Money Flow (CMF), which monitors capital inflows and outflows, has been declining since August 22 and dipped below zero on August 29 for the first time since August 6. This negative shift indicates diminishing buying pressure and capital inflows, further supporting the possibility of a pullback.

    For token TA and market updates: Interested in more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

    Chainlink (LINK) Price Action Suggests Bearish Exhaustion

    The daily chart reinforces this caution. The LINK price is currently at $23.31, positioned within an ascending broadening wedge pattern—a structure often linked to a loss of upward momentum towards the end of a bullish trend. This “megaphone” pattern is notorious for triggering bearish reversals, a risk that currently hangs over LINK.

    LINKUSDT 2025 08 30 14 23 36
    LINK Price Analysis: TradingView

    The crucial support to monitor is $22.84. A decisive break below this level would expose the next downside target at $21.36, and falling below that could lead to a deeper retracement, potentially ranging from 6% to 19%, similar to previous “Supply In Profit” peaks.

    Conversely, if the LINK price succeeds in reclaiming $25.96, it may attempt another upward move.

    However, even such a recovery would not fully negate the broader exhaustion signs unless the token convincingly breaks above $27.88.

    Disclaimer

    In accordance with the Trust Project guidelines, this price analysis article serves informational purposes only and should not be seen as financial or investment advice. BeInCrypto is dedicated to accurate, unbiased reporting, but market conditions can change without notice. Always perform your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

    Charts Exhaustion Jeopardy LINK Price Signs Surge
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    Ethan Carter

      Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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