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The Chainlink price dropped 3% in the last 24 hours to trade at $15.44 as of 9:17 p.m. EST, with trading volume dropping 30% to $464 million.
This comes after World Liberty Financial’s USD1 stablecoin became operable across multiple blockchains by integrating with Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
“Chainlink is absolutely critical to merging traditional finance with decentralized finance.”
At @consensus2025, @worldlibertyfi Co-Founder Zak Folkman announces they’re making USD1 accessible cross-chain using CCIP and discusses how Chainlink powers the onchain economy. pic.twitter.com/BFWm6Ib30S
— Chainlink (@chainlink) May 17, 2025
USD1, a US dollar-backed stablecoin launched by the WLF protocol that’s backed by the family of US President Donald Trump, has seen significant growth since its debut, reaching $2 billion in market capitalization.
Chainlink Price Indicators Signal A Bearish Trend
The LINK price on the weekly chart shows a subtle mix of bullish and bearish signals, which reflects a market on a crucial decision point.
In late 2023 and early 2024, the Chainlink price broke out from this consolidation range, launching a significant rally that formed a clear head and shoulders pattern, with the neckline drawn around the $12.79 level.
After failing to sustain above the head’s peak ($22.57), the price of Chainlink action fell back to the neckline and recently breached below it, confirming the bearish reversal implied.
However, instead of a complete breakdown, LINK bounced near the previous breakout zone (around $10.11), which is marked by a blue support band. This bounce suggests strong buyer interest at this level, challenging the head and shoulders’ bearish continuation.
Meanwhile, the Relative Strength Index (RSI) on the weekly timeframe sits at 49.02, indicating a state of market neutrality. This position near the midpoint (50) neither confirms overbought nor oversold conditions, suggesting that the price of LINK can move in either direction.
If sellers regain control and LINK breaks below the $11.50–$12 zone (blue support), it could trigger the full downside projection toward the $5.30 level, fulfilling the head and shoulders target, a 48% drop.
LINK/USDT Chart Analysis (Tradingview)
On the other hand, if the Chainlink price maintains above the $12.5 support and begins forming higher lows, a bullish structure could emerge, potentially pushing LINK approximately 92.79%, targeting around $30.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free BTC.
Jacob Bury, a prominent YouTuber with over 56.3k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Closes On $6 Million
BTC Bull Token is designed to turn Bitcoin’s new all-time highs into automated, on-chain rewards.
At its core is milestone farming, a system that delivers Bitcoin airdrops to $BTCBULL holders every time BTC reaches selected new ATHs.
BTC Bull Token holders will start receiving BTC airdrops at $150,000, and thereafter for every additional $50k increase in the BTC price. The $250K milestone also unlocks bonus $BTCBULL token rewards, adding to the upside.
Beyond the Bitcoin rewards, the project also incorporates token burns that kick in when BTC reaches $125,000 and repeat for every $25k increase in the Bitcoin price afterwards.
The project’s presale has already raised over $5.8 million, signaling rising investor interest.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 71% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.002515 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in about one day to lock in the best deal.
Visit the BTC Bull Token website.
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