Chainlink price outlook: is LINK in danger of crashing to $7.50?

• Chainlink price faces bearish pressure as markets crash on tariffs and trade war news.
• Could LINK crash to $7.50? An analyst suggests this is likely
• The prevailing market conditions do not help bulls in the short-term.

Chainlink (LINK) is facing significant bearish pressure, with a double digit dip in the past week seeing an analyst predict a potential crash to $7.50.

This outlook for LINK aligns with broader market performance.

With crypto and other risk assets markets choppy, Chainlink has accelerated its dump.

Prevailing macroeconomic and geopolitical conditions have exacerbated the pain and do not favour bulls in the short-term.

Chainlink price today

Chainlink has already seen a sharp decline, shedding nearly 17% in a week.

In the past two weeks, this altcoin has dumped nearly 30%, currently trading at approximately $11.28.

As noted, this downward spiral comes amid broader market volatility, with tariffs and macroeconomic factors weighing heavily on cryptocurrencies. Bitcoin (BTC) and Ethereum (ETH) have also slumped heavily in recent days.

In that time, Chainlink’s price has been in a notable downtrend, falling from highs of $16 on March 26, to about $10.21 on April 7, 2025.

Despite bouncing off the support level, fresh profit taking has seen it hit resistance at $11.82.

With the price struggling to find solid footing, crypto analyst Ali Martinez says LINK risks further dips.

The deep correction, if markets plummet, could see Chainlink price fall below $10. An overall trend for the altcoin is one that mirrors risk assets – largely bearish.

Is LINK crashing to $7.50?

As Ali Martinez notes in a post on X, the outlook for Chainlink remains precarious.

While markets can flip bullish with a shift in sentiment, the current predictions are more on the downside first before  footing occurs.

Thus, LINK’s dip below the trendline support and key Fibonacci retracement levels, suggests more pain could be devastating.

Notably, Chainlink has already breached the 0.5 level.

If it pierces the 0.618 level, a key threshold that traders often watch, it could mean a sharp drop below the psychological $10 mark.

If selling pressure persists, the technical picture indicates a potential slip toward the 0.786 Fibonacci level, aligning with the $7.50 mark.

Such a scenario means a staggering 35% decline from its current price just above $11.

The lack of buyer momentum and the failure to reclaim the trend line will heighten the risk of this downward scenario unfolding.

The level to watch remains the demand reload zone above $10. As well, important are events in the broader market.

Recovery driven by BTC and ETH stabilizing above their key levels might offer LINK an upward thrust.

The post Chainlink price outlook: is LINK in danger of crashing to $7.50? appeared first on CoinJournal.