Like most altcoins, Chainlink (LINK) has been dragged by the latest market-wide sell-off, shedding nearly 10% of its value in the past 30 days alone.

Meanwhile, the price has retreated by 3% in the past 24 hours while trading volumes have increased by 42%. This indicates that the selling pressure is accelerating, as these volumes account for over 7% of the token’s circulating market cap.

Despite the many positive advancements that Chainlink has made to get its solutions adopted by top blockchain projects and off-chain customers, one trader sees LINK losing nearly 35% of its value over the next few weeks after the token broke a key trend line support.

Chainlink $LINK lost a key support trendline!

Next stop: $8. pic.twitter.com/6ufpV0JHnj

— Ali Charts (@alicharts) December 17, 2025

Ali Martinez, a popular crypto trader whose X account is followed by over 160,000 users, shared an interesting chart in which he identified a bearish trend line breakout for LINK that has already been confirmed by a subsequent rejection.

Martinez’s bold prediction sees the token dropping to $8 in the next few days as a result of this sell signal.

This bearish forecast hits at a point when Chainlink’s recently-launched exchange-traded fund (ETF) has been attracting millions in just a couple of weeks. In addition, macroeconomic conditions have improved as the Federal Reserve just cut interest rates for the third time.

Could Ali be wrong, and this may turn out to be a “fakeout”, or will the market ignore macro catalysts and stick to the price action only to determine LINK’s fate?

Chainlink Price Prediction: LINK Needs to Rise Above $14 to Reverse Its Downtrend

Although Ali’s prediction seems plausible, the daily chart also shows that LINK has found strong support at the $10 level and has been making higher lows since August this year, forming a trend line support that is still in play.

The latest wave of bearish momentum has pushed the token back to this trend line support at around $11.50. If the price bounces off this mark, LINK might break above a key structural level once again, which would confirm a trend reversal.

Paired with a move above the 200-day exponential moving average (EMA), such a move could push LINK to much higher ground in the near term as the market’s latest sell-off has persisted for too long without any macro catalysts that support it.

The Relative Strength Index (RSI) has been progressively climbing in the past few days, making higher lows along the way. However, the oscillator is still sitting below the mid-line and recently broke below the 14-day moving average.

This means that bearish momentum is still dominant, which could set LINK up for another retest of the $10 support.

Despite its latest decline, catching projects like Chainlink in its early stages can deliver significant gains to investors. A new crypto presale called Bitcoin Hyper ($HYPER) could be the next crypto to explode, as this protocol plans to bring Solana’s speed and low transaction costs to the Bitcoin ecosystem.

Bitcoin Hyper ($HYPER) Could Kickstart a New Era for BTCFi with Its Ambitious L2

Bitcoin Hyper ($HYPER) is building a new execution layer designed to unlock what Bitcoin has always struggled to offer: high transaction settlement speed, lower fees, and smart contracts support.

Instead of changing Bitcoin’s core, Bitcoin Hyper adds a dedicated layer 2 that processes transactions faster and more efficiently, even during peak demand. This is achieved by leveraging the power of Solana’s fast blockchain.

Bitcoin has seen institutional holdings climb past $16 billion, yet its base layer still handles only a handful of transactions per second and offers limited room for developers.

Bitcoin Hyper addresses this gap by creating an environment where smart contracts, dApps, and modern use cases can exist without leaving the Bitcoin ecosystem.

BTC holders can safely send their tokens to a designated wallet managed by the Hyper Bridge, and get the corresponding amount almost instantly on the Hyper L2 to access these dApps.

As top wallets and exchanges embrace this scaling solution, the demand for its utility token, $HYPER, should skyrocket.

To buy $HYPER before the presale ends, simply head to the official Bitcoin Hyper website and link up your wallet. You can either swap USDT or ETH for this token or use a bank card instead.