Chainlink (LINK) is flashing growing technical risk after losing a critical support level, according to crypto analyst Ali Martinez. With the breakdown now confirmed on both higher- and lower-timeframe charts, attention is shifting toward significantly lower price levels.
Long-Term Structure Breaks Down
The long-term chart shared by Ali shows a rising diagonal trendline that has supported Chainlink’s price since 2023. This trendline acted as a reliable floor through multiple market pullbacks, repeatedly triggering rebounds as buyers stepped in along the ascending support.
Support is gone for Chainlink $LINK!
$8 comes into focus. pic.twitter.com/Fro3XHLFf2
— Ali (@alicharts) December 12, 2025
That structure has now failed.
Price has broken decisively below the trendline, highlighted by the circled breakdown zone on the chart. The inability to hold or quickly reclaim this support marks a clear shift in market structure. Once the trendline gave way, the chart projection points lower, signaling that the prior uptrend is no longer intact.
With that support gone, the next clearly visible downside area on the chart sits near $8, which now comes into focus as a potential destination if selling pressure continues.
Short-Term Price Action Confirms Weakness
The shorter-term TradingView chart reinforces the bearish signal from the higher timeframe. Chainlink is trading around $13.45, showing a daily decline and failing to sustain recent rebound attempts. Price action appears choppy and unstable, with sharp drops followed by only limited recoveries.
Volume remains relatively subdued, suggesting that buying interest is not strong enough to absorb sell pressure at current levels. The lack of follow-through on bounces aligns with the broader picture of weakening support and fading momentum.
$8 Emerges As The Next Key Level
With long-term support broken and short-term price action struggling, Ali notes that $8 now comes into focus. This level stands out on the chart as the next major area where price could potentially stabilize if the decline extends.
Until Chainlink manages to reclaim the broken trendline, the technical structure favors downside continuation rather than trend recovery. The charts suggest that what was once a supportive uptrend has now flipped into resistance, leaving the market vulnerable to further losses.
For now, the message from the charts is clear: support is gone, momentum has shifted, and Chainlink is entering a more fragile phase unless buyers can quickly change the structure.
