Chainlink (LINK) price has been under significant pressure recently, with a notable decline over the past three weeks.

This downturn has raised questions about the future of LINK and whether it can recover.

Chainlink price has come under immense pressure in recent times, especially over the past three weeks, leading to a 9.1% decline in the past month.

This downturn has sparked questions about the future of LINK and whether it can recover.

However, a new player in the decentralised finance (DeFi) space, CartelFi, is quickly gaining attention with its approach to meme coins and yield generation.

Chainlink price prediction

Chainlink has seen a significant drop in its price, reaching $12.42 by April 17, 2025.

This represents a 9.1% decrease in the past month and a far cry from its December peak of $30.86.

The downturn has been accompanied by a dramatic fall in active addresses, which have decreased from 9,400 in February to just 3,200 recently, according to CryptoQuant data.

This 66% decline in network activity over the last few months suggests decreasing user engagement.

Adding to the bearish sentiment, whale selling activity has spiked, with Santiment’s data showing that addresses holding between 10 million and 100 million LINK tokens have decreased their holdings by 1.88% since February, indicating a lack of confidence among large holders.

This selling pressure, combined with the decrease in active addresses, creates a challenging environment for Chainlink.

However, looking at the historical chart patterns, Chainlink could be setting itself up for a recovery.

The token has shown resilience in the past, bouncing back from similar dips. Currently, LINK is trading near a critical support level of $12.00.

If it holds above this level, it could signal a potential reversal.

Technical indicators, such as the Chaikin Money Flow (CMF), also hint at a possible easing of selling pressure, which could further pave the way for a price recovery.

Moreover, a falling wedge pattern on the daily chart indicates a potential bullish reversal if LINK can break above the upper trendline with increased trading volume.

If this pattern is validated, Chainlink could target a 24% increase to $15.17.

However, the Relative Strength Index (RSI) remains in a downtrend, suggesting that bears still have control.

A drop below $12.00 could lead to further declines, potentially testing the $10.00 support level.

Is CartelFi a better alternative?

Amid Chainlink’s price uncertainty, CartelFi presents a compelling alternative for investors seeking high-growth opportunities in the DeFi space.

Unlike Chainlink, which is known for its decentralized oracle services, CartelFi aims to revolutionize the meme coin market by turning idle meme assets into yield-bearing instruments.

This innovative approach addresses a significant gap in the crypto market, where meme coins have traditionally been seen as speculative assets with limited utility.

CartelFi’s mission is to transform meme coins into productive capital assets that generate yield for their holders.

Through specialized liquidity pools tailored for meme tokens, CartelFi enables investors to earn high annual percentage yields (APYs) while retaining exposure to the potential upside of their meme coin investments.

This dual benefit of yield generation and capital appreciation makes CartelFi a unique and attractive proposition.

Additionally, CartelFi is currently in its presale phase, offering early investors the opportunity to purchase CARTFI tokens at a discounted price.

The presale is structured in 30 stages, with each stage seeing a 5% price increase.

This tiered pricing model allows early adopters to potentially realize significant gains by the time the token is launched.

For instance, buyers entering the presale now could see gains of more than 200% by the launch date.

While Chainlink faces challenges with its current price dip and declining network activity, CartelFi offers a new and innovative approach.

With its focus on turning meme coins into yield-generating assets and a promising presale opportunity, CartelFi has the potential to outperform LINK in the coming months.

Investors interested in high-growth opportunities in the DeFi space should consider CartelFi as a strong contender.