Chainlink (LINK) is trading at $14.25, with buyers defending the 4-hour trendline support to sustain bullish momentum. The key upside target is $15.05, a critical resistance level that could determine the next move. A breakout here may trigger a rally toward $17.05, where sellers could attempt to cap gains. If bulls maintain strength, it could mark the beginning of a sustained uptrend.
As long as LINK holds above the 4-hour trendline, bulls remain in control. A decisive move above $15.05 could attract fresh buying, pushing the price toward $17.05. Clearing this level would strengthen bullish sentiment, potentially fueling a longer-term rally. Sustaining gains beyond $17.05 could open the door to even higher price targets in the weeks ahead.
Failure to hold the 4-hour trendline could shift momentum, sending LINK toward the $11.50 support zone. A break below this level may intensify selling pressure, leading to deeper losses. If $11.50 fails to hold, LINK could enter a prolonged downtrend before finding stability.
Traders should closely monitor LINK’s reaction at the 4-hour trendline. A strong rebound could confirm bullish momentum, while failure to hold support may accelerate declines. The next sessions will be critical in determining whether LINK is gearing up for a breakout or facing an extended correction.
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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