Chainlink (LINK) trades at $11.63, down 1.61% on the day, after breaking below the $11.82 low of its candle range theory (CRT) trading range, according to an analysis published on October 24, 2026. The setup for October 25 remains bearish below $11.82 — the level LINK must reclaim after falling out of its recent trading range. With the price sitting roughly 1% above the 100-day exponential moving average (EMA) at $11.53, that moving average is positioned to decide whether the decline extends into Sunday.

How the Range Broke

CRT, or candle range theory, marks the high and low of a single candle and watches for a sweep of one side followed by a move toward the other. In this case, the range derives from the October 15 candle. LINK swept above the range high of $12.58 on October 16 and again on October 21 before falling back inside it.

Yesterday's candle closed at $11.82, right on the range low, and trading below that level today extends the downward move. LINK now sits under the 20-day EMA at $12.46 and the 50-day EMA at $12.35, while the 100-day and 200-day EMAs at $11.53 and $10.98 lie beneath the price. EMAs weight recent prices more heavily than older data, a trait that makes them common trend reference points in chart analysis — the role they play in this setup. The relative strength index (RSI) reads 38.11, below its average of 43.43 and well under the neutral 50 mark — readings the analysis interprets as momentum still falling.

On balance, the analysis sees a close below $11.82 today as the more likely outcome, which would set up a test of the 100-day EMA at $11.53 on Sunday. A close back above $11.82 would put the 50-day EMA at $12.35 in play.

Nazarov: Every New Chain Adds to Demand for Chainlink

Chainlink co-founder Sergey Nazarov said in an interview with The Rollup that more chains and more advanced smart contracts mean more demand for what Chainlink provides. In his view, a chain on its own can mint and send a token, but anything involving outside data, cross-chain movement, identity, or compliance needs a layer above it — and Chainlink is that layer. He added that advanced contracts remain at an early to early-mid stage and compared the current period to DeFi's first year in production.

He cited collateral management on the app chain of the Depository Trust & Clearing Corporation (DTCC) as an example: the position is not settled until the obligation closes on both Ethereum and the app chain, a tie-out he said Chainlink handles in one flow. On digital twins, he noted that rules still require final settlement off-chain in many cases, so on-chain records must sync back to traditional accounting systems, a dynamic he expects to change as laws change. He also said that CRE, Chainlink's off-chain compute layer, is already built for AI use and could become the interface layer if AI agents start handling tokenized cash.

BSCN Recaps Q3 2026 Milestones

BSCN said in an X post that Chainlink's third quarter of 2026 included the release of CCIP 2.0, more than $15 billion in crypto assets moved to CCIP, and more than $36 trillion in transaction value enabled by its oracles — services that connect blockchains with external data — which have verified more than 20 billion messages. CCIP is Chainlink's cross-chain protocol.

LG CNS Partnership Targets Korean Institutions

Chainlink and LG CNS, the technology arm of LG Group, announced a strategic partnership on Thursday, according to BSCN. LG CNS will add Chainlink's tools for moving data and assets across blockchains to its digital asset platform for Korean institutions, and the two companies will work together on Korean stablecoins and local technical standards.

LG CNS is the lead contractor for the Bank of Korea's Project Hangang, a digital currency pilot whose first phase covered about 80,000 customers across seven banks — meaning the company now integrating Chainlink's cross-chain tools is the same one carrying out the Bank of Korea's pilot.

Bullish and Bearish Scenarios for October 25

Bullish case: LINK closes back above the $11.82 CRT low and holds it into Sunday, returning the price to the range opening the 50-day EMA at $12.35, with the 20-day EMA at $12.46 just above it. The analysis notes the LG CNS partnership would give buyers fresh news to point to on such a move.

Bearish case: LINK closes today below the $11.82 CRT low and slides toward the 100-day EMA at $11.53 on Sunday. A close below that level would expose the 200-day EMA at $10.98, about 6% below today's price.

FAQs

Is LINK bearish below $11.82?
Per the analysis, LINK stays bearish below $11.82 and could test the 100-day EMA at $11.53 on Sunday if it closes below that level. A close back above $11.82 would put the 50-day EMA at $12.35 in play.

Where does LINK stand right now?
LINK trades at $11.63, down 1.61% on the day and about 26% below its late-September high, after falling below the $11.82 low of its recent range.

What does the chart show?
The chart shows price under the 20-day and 50-day EMAs with RSI at 38.11, but it does not point to a single news cause.

What does the LG CNS partnership involve?
Announced Thursday according to BSCN, the partnership brings Chainlink's cross-chain tools to LG CNS's digital asset platform for Korean institutions, with the two parties also working on Korean stablecoins and local technical standards.