Chainlink (LINK) on the Brink: Critical Levels to Watch Now

Chainlink (LINK) is struggling with volatility, trading at $14.46 after a failed breakout at $15.17. The price initially climbed within an ascending triangle on the 1-hour chart but faced sharp rejection at resistance, triggering a pullback. Now, LINK is testing the $14.40 support zone, a key battleground for buyers.

Key Levels to Watch

A drop below $14.40 could accelerate selling, pushing LINK toward $14.20. Losing this level may break the ascending triangle’s trendline support, shifting momentum bearish and increasing downside risk.

If buyers defend $14.40, a rebound toward $15.17 is likely. A breakout above this resistance would reverse the failed breakout, turning sentiment bullish. If momentum builds, LINK could target $17.40, a critical resistance for confirming a larger uptrend.

Breakout Potential

A decisive move above $17.40 could spark a long-term rally, attracting more buyers and strengthening market confidence. This scenario would favor both short-term traders and long-term holders.

Market Outlook

The fight at $14.40 will dictate LINK’s next move. A breakdown risks further losses, while a strong rebound could trigger a push toward $17.40 and beyond. With volatility rising, traders should watch these levels closely.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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