Chainlink Price Analysis of March 14, 2025: Chainlink Fluctuates Between $13.50 and $12.70, Will Chainlink Break Out of Consolidation Today?

Are you tracking Chainlink and wondering when there will be a clear trend in the Chainlink price trend? Then you are at the right place. As we go through the Chainlink price analysis, we will explore different patterns and how Chainlink reacted to them. We will also explore indicators like RSI and MACD and their relation to the price of Chainlink. We shall ascertain possible levels of support and resistance because Chainlink is now undergoing a consolidation period. Without any more delay, let’s examine the Chainlink price analysis and examine where the Chainlink price today might trade.

Chainlink Price Analysis of the Last 24 Hours

The price of Chainlink attempted to develop a downtrend at 10:20 UTC by breaking out from a range to the downside, but the breakout was unsuccessful, and the price went to the upside, setting a resistance level at $13.50. The price of Chainlink showed a downward-moving channel that tried to break out to the upside at 07:20 UTC but failed. A downward-moving trendline then emerged, which was further supported by a golden cross in the MACD, and broke out to the upside once more at 08:55 UTC. 

Chart 1: Analysed by vallijat007, published on TradingView, March 14, 2025

The price spiked to the upside and formed an expanding triangle pattern, which marked the high of the day at $13.60. At 09:55 UTC, RSI moved into the overbought market area, further supported by a death cross in MACD at 11:00 UTC, both suggesting a pullback or at least a reversal. The price broke out from the expanding triangle pattern to the downside at 13:35 UTC, corroborated by another death cross in MACD. 

Failed Downside Breakout Leads to Minor Channel Formation

The price spiked to the downside and formed a downward-moving channel, marking the low of the day at $12.70. After marking the low, the price broke out from the downward-moving channel at 18:05 UTC, supported by a golden cross in MACD. The price spiked to the upside and formed a downward-moving converging triangle. The converging triangle attempted to break the support level but failed, as the converging triangle pattern broke out to the upside at 21:45 UTC, corroborated by a golden cross in MACD. 

The price spiked to the upside and formed an upward-moving channel. RSI moved into the overbought market area at 02:50 UTC, suggesting a reversal or at least a pullback. The upward-moving channel broke out to the downside at 10:15 UTC, followed by a death cross in MACD, but the downside breakout failed, and the price spiked to the upside, forming a downward-moving minor channel.

Chainlink Consolidates After Volatile Market Movements

Chainlink is currently consolidating like all other cryptocurrencies. This is happening because, in recent times, the crypto market has been very volatile, and after strong volatility, a consolidation phase usually follows. The Chainlink price trend is consolidating after some recovery from its low of the downtrend in the higher timeframe. To see a clear trend, the Chainlink price today must give a strong breakout above its critical support and resistance levels. Traders and investors are encouraged to take a look at the Chainlink price chart themselves, as the crypto market is subject to potential risk.