Source

Chainlink (LINK) is down 2% in early afternoon trading during the US session on December 23,2025, as the price hovers near $12.10.

The native token of the oracle network is in red in the past week, month, and year time frames, with bulls’ failure to rally signaling a potential bearish continuation in 2026.

That’s because the token’s price is hovering precariously above the critical support levels of $12 and $10, despite the network’s recent strides in adoption.

Chainlink hit key milestones in 2025

Chainlink continues to solidify its position as a cornerstone of the blockchain ecosystem, with major integrations both across crypto and traditional finance.

In 2025, the Chainlink team boasted some hugely impressive milestones, all adding to the project’s remarkable growth.

Among these significant expansions are strategic collaborations and integrations with Coinbase, Swift, and the US Department of Commerce.

Coinbase, the leading US-based crypto exchange, taps into Chainlink for cross-chain interoperability.

Meanwhile, the groundbreaking partnership with Swift bridges traditional finance with decentralized systems.

The US Department of Commerce selected the oracle network, alongside Pyth Network, to bring macroeconomic data on-chain, which happened even as the total value secured by Chainlink’s infrastructure surpassed $100 billion.

As highlighted in the latest adoption update posted on X, the network saw 12 integrations across 10 chains just in the week to December 20, 2025.

Highlights include traction across BNB Chain and Solana.

The adoption spree cuts across Chainlink’s product suite, including CCIP, CRE,DataLink,  and Price Feed.s.

Chainlink price extends losses, risks dip under $10

Despite these achievements, Chainlink’s price trajectory tells a contrasting story.

Sentiment also benefited from the introduction of a digital asset treasury, the LINK reserve, and growing anticipation around exchange-traded funds (ETFs). Yet the price has not seen any extended rally.

The token, which traded around $12.13 at the time of writing, has failed to bounce since hitting a supply wall around $26.70 in August. With prices down 45% in the past year, it appears fundamental strength hasn’t helped bulls.

LINK is now at risk of breaching support at $12 and could pierce the psychologically significant $10 threshold. This is a key level from August 2024.

However, as with the broader crypto market, analysts attribute LINK’s price struggles to multiple downside catalysts.

Macroeconomic headwinds have hindered the broader risk asset market, while profit-taking has upended bulls’ recovery efforts.

Market observers note that the lack of immediate price correlation with adoption milestones may reflect investor concerns.

If bulls hold above $12, they could target a rebound to $15 and then $20 in the short term, with key bullish momentum likely to build if gains align with an overall market uptick.

However, if sellers dominate going into the year-end, the LINK price may revisit demand reload zones at $8.5.

More By This Author: