Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
Chainlink (LINK) ended the volatile week of trading on a clear bearish bias, falling below the $14 level as bearish sentiment controlled the market. LINK found it difficult to hold its ground in the face of general market volatility. The token started the week trading higher at prices around $15 but soon came under intense […]
After weeks of consistent buying pressure and bullish sentiment, Chainlink (LINK) is now facing a critical moment. The price failed to reclaim the $18 resistance level and has since dropped more than 16%, showing signs of weakening momentum. This recent rejection has sparked concerns among investors and traders, as downside risk intensifies in the short term. Related Reading: Cardano Whale Activity Spikes 80 Million ADA Added In 48 Hours Top crypto analyst Ali Martinez shared a technical analysis pointing to a potential retracement toward lower demand levels. According to Martinez, the recent failure to break above key resistance may trigger further selling pressure, especially if broader market conditions remain uncertain. He suggests that LINK appears to be losing its bullish structure and could be preparing to revisit lower support levels before any meaningful rebound. Chainlinks current position highlights a shift in sentiment, as bulls struggle to hold key zones. While the broader market remains relatively stable, LINK’s inability to maintain higher levels could signal an early sign of deeper correction if volume and momentum do not pick up. With volatility returning to the altcoin space, the coming days will be decisive for Chainlink. Holding above interim supports will be key if bulls want to regain control and avoid further losses. Chainlink Struggles As Momentum Fades: Downside Risks Grow Chainlink (LINK) is showing signs of exhaustion after weeks of upward movement, now trading under mounting pressure as the market grapples with renewed volatility and global financial uncertainty. Bulls remain active, defending key demand zones and continuing to call for a breakout, but fading momentum and growing fear are starting to weigh on sentiment. The failure to breach the $18 resistance level marked a turning point. Since then, Chainlink has slipped over 16%, losing critical support zones and entering a vulnerable technical position. According to Martinez, this rejection could be the start of a deeper correction. Martinezs analysis suggests that LINK is now poised to revisit the $10 level a psychological and structural support that aligns with historical price behavior. The next few trading sessions will be crucial. If bulls cant reclaim higher levels or at least stabilize price action above $14, the selling pressure could accelerate. Adding to the uncertainty is a broader lack of clarity in global markets, with investors closely watching central banks, inflation data, and geopolitical developments for guidance. While some traders are still positioning for a bounce, the current structure points to caution. Chainlinks performance in the coming days could either confirm a local top or offer a high-risk, high-reward entry point if support holds and momentum returns. Either way, the $10$12 range may soon be tested, and how LINK responds there will define its next major trend. Related Reading: XRP Flashes Bullish Signal Technical Indicator Hints At Imminent Rebound LINK Faces Pullback As Buy Pressure Weakens Chainlink (LINK) is under pressure after failing to hold above the $17.50$18 resistance zone. The daily chart shows a sharp rejection near the 200-day SMA (currently at $17.79), followed by a 16% drop that pushed LINK below the 200-day EMA ($16). This move confirms a breakdown of bullish momentum and highlights growing downside risk as traders reassess short-term expectations. Volume has picked up during the recent pullback, suggesting active profit-taking or renewed selling interest. The current support zone lies around $14.80$15.00, a region previously tested in late April and early May. If bulls fail to hold this level, the next major support rests closer to $13.20, potentially opening the door for a deeper correction toward the $10 markan area cited by analyst Ali Martinez. Related Reading: Ethereum Faces Resistance Against Bitcoin ETH/BTC Bullish Structure In Question To regain momentum, LINK must first reclaim the $16 zone and flip the 200 EMA back into support. A daily close above both the 200 EMA and SMA would shift sentiment and restore the bullish structure. Until then, traders should watch for continuation signals or further weakness, especially if broader market volatility persists. LINK is in a make-or-break phase, with the next few days likely to set the tone for its short-term trajectory. Featured image from Dall-E, chart from TradingView
Chainlink is trading at crucial demand levels as the entire crypto market faces heightened selling pressure and uncertainty. After weeks of volatility and downside moves, bulls continue to struggle to regain control, with LINK failing to break above key resistance levels. Still, there are early signs that the worst may be behind. Price action is beginning to stabilize, and some traders believe the current consolidation could lay the groundwork for a recovery phase. Related Reading: Bitcoin Rejected At Descending Resistance Again Is $78,600 Still In Play? However, not all signals are bullish. According to on-chain data from Santiment, whales have sold over 170 million LINK in the last three weeks. This significant outflow from large holders has fueled speculation that additional downside could still exist. Whale behavior is often a leading indicator of broader market sentiment, and continued selling from top wallets may reflect a lack of confidence in the short-term price outlook. While selling pressure appears to be fading for now, the market remains cautious. For Chainlink to break free from this uncertain range, bulls will need to defend current support and reclaim key levels. Until then, whale activity and broader market sentiment will continue to play a major role in determining LINKs next move. Chainlink Consolidates At Key Support As Whale Selling Clouds Outlook Chainlink is down 17% since March 26, and its price action remains uncertain as it consolidates above a critical demand zone. While the broader crypto market continues to struggle with volatility and macro-driven selling pressure, LINK has been particularly vulnerable. Analysts are increasingly voicing concerns about a potential deeper correction, citing weak momentum and ongoing bearish sentiment across risk assets. The fear of extended downside remains high, with many traders hesitant to step back in until clearer bullish signals emerge. The entire crypto landscape has been affected by economic instability and market indecision, and Chainlink is no exception. Still, some believe LINK has room to recover. The project continues to expand its role in the decentralized finance (DeFi) space, with steady development and increasing adoption of its oracle infrastructure. These long-term fundamentals offer hope that once the current market pressure fades, Chainlink could be among the first altcoins to rebound. Adding to the uncertainty, however, are troubling whale activity metrics. Crypto analyst Ali Martinez recently shared on X that whales have sold over 170 million LINK in the past three weeks. This heavy distribution supports the prevailing bearish trend and suggests that major holders are not yet confident in an imminent recovery. For now, all eyes remain on whether LINK can hold its current support zone. A break below could open the door to further losses, while a bounce and reclaim of higher resistance levels may finally mark the beginning of a recovery phase. Until then, market participants are treading carefully as Chainlink balances between bearish pressure and the potential for a turnaround. Related Reading: SUI Forms Inverse Head And Shoulders Can Bulls Break Above $2.52? LINK Struggles As Bulls Fight to Avoid Further Losses Chainlink (LINK) is trading at $13.1 after failing to reclaim the $15 level, reflecting continued weakness following weeks of selling pressure. The rejection from $15 has left bulls in a defensive position, with price action hovering just above a key demand zone. To regain control and confirm the start of a recovery rally, LINK must not only hold above current levels but also break decisively above the 200-day moving average (MA) and exponential moving average (EMA), both sitting around $17.2. These moving averages represent critical resistance, and only a clean breakout above them would signal a shift in momentum. Until then, LINK remains vulnerable to further downside, especially if market conditions stay fragile. If bulls fail to defend the $13 zone, a drop toward $10 becomes a likely scenario a level that hasnt been tested since late 2023. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks Is More Selling Ahead? With broader market uncertainty and fading momentum across altcoins, LINK holders are watching closely. A failure to hold current support could trigger stronger selling pressure, while a successful push above $17.2 could pave the way for a stronger rebound. The coming days may be pivotal in determining whether Chainlink stabilizes or continues its downtrend. Featured image from Dall-E, chart from TradingView
Chainlink is currently trading at a crucial demand zone after enduring heavy selling pressure throughout Q1 of this year. Like many altcoins, LINK has struggled to recover in the face of broader macroeconomic instability and a hostile market environment fueled by U.S. President Donald Trump’s unpredictable policy decisions. Tariffs, trade tensions, and volatile global sentiment have created significant headwinds for high-risk assets, and Chainlink has been no exception. Related Reading: XRP MVRV Ratio Dips Below The 200-Day MA Trend Shift Underway? Despite the recent weakness, some analysts believe a turnaround may be near but only if LINK can hold its current support levels. A strong defense here could lay the foundation for a meaningful recovery rally in the weeks ahead. Top analyst Ali Martinez shared new insights on X, highlighting a potentially bullish setup forming on Chainlinks chart. According to Martinez, LINK is currently consolidating within a triangle pattern, which often precedes major moves. He notes that this structure could be setting up for a significant price move, with a breakout potentially imminent. As LINK coils tighter within this pattern, traders are watching closely. A confirmed breakout from this zone could spark a strong directional move and possibly mark the beginning of Chainlinks next major trend. Chainlink Struggles Below Key Levels as Triangle Pattern Signals Imminent Move Chainlink is currently trading below critical resistance levels after losing nearly 30% of its value since late February. The sharp drop has left bulls in a defensive position, struggling to hold prices steady and spark a meaningful recovery. The $13 mark now stands as a crucial support level a zone that must hold to preserve market structure and investor confidence. A decisive defense of this area could provide the foundation needed for a recovery rally. While selling pressure has dominated in recent weeks, bears have so far failed to break LINK below its current demand zone. This has led to cautious optimism among traders, who see a potential reversal if buyers can defend key levels and reclaim momentum. If LINK maintains support above $13 and gains strength, a push toward higher liquidity zones could quickly follow. However, risks remain. US President Donald Trump’s unpredictable economic policies, especially on tariffs and trade, continue to shake financial markets and drive uncertainty. Crypto, as a high-risk asset class, remains particularly vulnerable to this kind of volatility. Martinez’s technical analysis noted that Chainlink is consolidating within a triangle pattern a structure that often precedes significant price movements. According to Martinez, this setup could result in a 35% breakout, with $16 identified as the level to watch closely for confirmation. If bulls can reclaim that level, a powerful move higher may follow. For now, all eyes are on the $13 support and the triangles upper boundary as Chainlink coils tighter and prepares for its next major move. A breakout in either direction appears imminent. Related Reading: Whales Offload 200M Cardano During March The Start Of A Trend? Bulls Hold Support But Battle Key Resistance Chainlink (LINK) is trading at $13.5 after several days of consistent selling pressure, struggling to gain momentum below the critical $16 mark. The current level now acts as a short-term support zone, and bulls must defend it to avoid further downside. A successful hold above this price could offer a foundation for recovery, but the path forward remains challenging. To shift sentiment and reignite bullish momentum, LINK must reclaim the $17.20 level an area that aligns closely with both the 200-day moving average (MA) and the 200-day exponential moving average (EMA). These indicators have historically marked key trend reversals, and a clean breakout above them would signal strength returning to the market. If bulls manage to push LINK above the $18 mark, a strong rally could follow, possibly retesting higher resistance levels and restoring confidence in the broader trend. However, if LINK fails to reclaim these levels in the near term, it risks slipping into a consolidation phase or even experiencing a deeper correction. Related Reading: Dogecoin Holds Key Support: A Demand Spike Could Trigger A Rally A breakdown below $12.5 would likely trigger further losses and shift the short-term outlook more bearish. For now, LINK remains in a fragile state, and the next move will depend on the bulls ability to reclaim momentum. Featured image from Dall-E, chart from TradingView
Chainlink (LINK) is currently navigating through turbulent times as it experiences a decline in value, driven by a large-scale sell-off in the broader cryptocurrency market. The recent market volatility has sparked fear and uncertainty, leading to a downturn across many altcoins, including LINK. As of the latest update, LINK’s price is at $15.45, with a […]
Chainlink (LINK) has faced massive volatility and uncertainty, with price action resembling a rollercoaster ride over the past few days. After trading around $17, LINK plunged to $13 before rebounding back to $16, all within less than three days. This extreme price movement reflects the broader markets instability, as traders struggle to navigate between bullish excitement and looming risks. Related Reading: Litecoin Fails To Break Key Resistance Level Again Can Bulls Hold Range Lows? The crypto market remains highly reactive, with investors balancing the hype from President Trumps U.S. Strategic Crypto Reserve announcement against the macroeconomic uncertainty that continues to weigh on sentiment. While the potential for increased crypto adoption fuels optimism, concerns about inflation, interest rates, and regulatory pressure keep many traders on edge. On-chain data from Santiment shows that 2.23 million LINK have been moved to exchanges in the past two weeks, a sign that selling pressure may be increasing. This shift in supply raises questions about whether large holders are preparing to offload LINK or simply repositioning ahead of a major move. As volatility remains high, traders are watching to see whether Chainlink can hold key support levels or break out toward new highs in the coming weeks. The next moves in both LINK and the broader market will be crucial for determining its short-term direction. Chainlink Struggles Below Key Levels Chainlink is currently trading below crucial resistance levels, with bulls struggling to reclaim lost ground. A breakout above these key levels could trigger a rally, but until then, uncertainty remains high. The broader market sentiment is mixed, with analysts and investors worried about the possibility of a continued drop if LINK loses support and falls below range lows. Metrics suggest a potential distribution phase is on the horizon, raising concerns that large holders may be preparing to offload LINK. Top analyst Ali Martinez shared on-chain data on X, revealing that 2.23 million LINK have been moved to exchanges in the past two weeks. Historically, this type of activity precedes selling pressure, as big players typically transfer assets to exchanges with the intent to sell. If selling accelerates, LINK could see a deeper correction, further delaying any bullish momentum. However, theres still a chance that this trend may not lead to a full-scale distribution phase. Some analysts believe that whales could be repositioning or preparing for a major move rather than outright selling. If LINK can hold above key support levels and reclaim resistance, it could defy expectations and start a new upward trend. Related Reading: Ethereum Breaks Below Parallel Channel Is ETH Collapsing To $1,250? For now, Chainlink remains at a pivotal moment, with price action depending heavily on whether bulls can absorb selling pressure and regain control. The coming days will determine whether LINK breaks out of its range or risks further downside in response to on-chain movements. LINK Trading Below Key Resistance Chainlink is currently trading below the $16.6 mark, hovering around the 200-day Moving Average (MA). This level is critical for bulls to reclaim in order to signal long-term strength and shift momentum in their favor. A decisive push above this zone would indicate that LINK is regaining traction, potentially setting the stage for further upside. However, in the short term, the main focus remains on holding above the $15 level. This support has been a key demand zone, and maintaining it in the coming days will be crucial to prevent further downside pressure. If LINK stays above $15, buyers could build momentum and attempt a breakout toward the next major resistance at $17.9, which aligns with the 200-day Exponential Moving Average (EMA). Related Reading: Dogecoin Breaks Above Falling Wedge Pattern Analyst Sets $0.43 Target A successful push above $17.9 would reinforce bullish sentiment and increase the chances of LINK reclaiming higher price levels. However, failure to hold $15 could expose LINK to renewed selling pressure, delaying any potential recovery. For now, traders are watching whether LINK can hold support and regain critical moving averages, which will determine its next significant move in the market. Featured image from Dall-E, chart from TradingView
Chainlink has been under heavy selling pressure, trading in a downtrend as broader market weakness drags crypto prices lower. The entire crypto market remains on the defensive, with macroeconomic uncertainty and escalating trade war fears continuing to shake investor confidence. With no clear resolution in sight, many analysts believe this high-risk environment could persist for the coming months, placing further pressure on digital assets like Chainlink. Related Reading: Ethereum MVRV Ratio Nears 160-Day MA Crossover Accumulation Trend Ahead? LINK has struggled to maintain upward momentum, and market sentiment remains divided. A growing number of analysts are warning of a possible break below current levels, potentially signaling the start of a prolonged bear market cycle. However, not everyone is bearish. Top crypto analyst Ali Martinez recently shared a more optimistic take. According to his analysis, all eyes should be on the $13.20 support level a critical trendline that has held strong through recent volatility. Martinez notes that this level could act as the launchpad for a new rebound in LINKs price. Whether support holds or breaks will likely define Chainlinks direction in the weeks ahead. Chainlink Holds Key Support After 55% Drop Chainlink is currently down more than 55% from its December high of around $30, struggling to find momentum as broader market conditions remain uncertain. Bulls have yet to reclaim any meaningful resistance levels, and price action has remained underwhelming amid ongoing selling pressure. Still, despite the weakness, bears have been unable to push LINK below the current demand zone a sign that this area may be acting as a strong support floor. If this level holds, a significant recovery could be on the horizon. The potential for a rebound is gaining attention, especially as macroeconomic uncertainty clouds the outlook. U.S. President Donald Trump’s latest tariff announcements and geopolitical moves are shaking financial markets, adding pressure to global economies and setting the stage for a potentially volatile era ahead. Crypto markets, often sensitive to global instability, remain caught in the middle. Amid this backdrop, Martinez has highlighted a key technical level to watch: $13.20. According to Martinez, this support trendline could be the launchpad for the next major rebound in Chainlinks price. Notably, the TD Sequential indicator has also flashed a buy signal at this level, further strengthening the bullish case for a turnaround. While risks remain high, a strong defense of the $13.20 zone could trigger renewed momentum and offer bulls the chance to reclaim higher ground. The coming days will be crucial in determining whether LINK can stabilize and rally or if the current support will finally give way to further downside. Related Reading: Ethereum Analyst Eyes $1,200-$1,300 Level As Potential Acquisition Zone Details LINK Trades At $13.20 As Price Tests Critical Support Chainlink (LINK) is trading at $13.20 after enduring several days of intense selling pressure, placing the token in a crucial position. This level now acts as the last strong support before deeper losses, and bulls must hold above it to prevent a breakdown in market structure. A decisive defense here is essential, as slipping below the $13 mark could quickly lead to a drop beneath $12, dragging LINK into lower demand zones. To shift momentum and spark a recovery rally, bulls need to reclaim higher ground starting with a move above the $16 level. This zone has acted as a key resistance barrier in recent weeks, and a clean breakout would mark a meaningful shift in sentiment. More importantly, a sustained push above $17 would bring LINK back above its 200-day moving average (MA) and exponential moving average (EMA), two critical technical indicators that signal broader trend strength. Reclaiming these levels would confirm renewed bullish momentum and could attract fresh demand from sidelined traders and investors. Related Reading: Solana Bears Eye $113 Target If Ascending Structure Breaks Down Details For now, all eyes remain on the $13 level. Whether bulls defend it or not could determine LINKs short-term fate and set the tone for its next major move. Featured image from Dall-E, chart from TradingView
Chainlink (LINK) is showing signs of strength, trading 27% above its March 11 low and hinting at a potential recovery if broader market conditions improve. Despite recent volatility and ongoing macroeconomic uncertainty, LINK has managed to hold its ground better than many altcoins, giving hope to investors who believe the worst may be over. While some analysts remain cautious and warn of further downside, others see this consolidation as a healthy reset before the next leg up. Related Reading: Cardano Indicator Flashes Buy Signal On 4-Hour Chart Rebound Ahead? Top analyst Ali Martinez shared insights on X, noting that Chainlink is currently testing a critical support level around $13, which aligns with the lower boundary of a long-standing price channel. According to Martinez, if LINK holds this zone, historical patterns suggest a strong rebound could follow. As market sentiment remains divided, all eyes are on LINKs ability to maintain this support. A successful defense could position Chainlink as one of the altcoins leading the next rally. For now, traders are watching closely, waiting to see if this price action marks the beginning of a new upward trend. Chainlink Holds Crucial Support As Bulls Eye A Breakout After losing the critical $17$18 support zone, bulls have struggled to regain control. Chainlink trades at a pivotal level as it attempts to reclaim higher prices amid ongoing market uncertainty and volatility. LINK has fallen over 61% since reaching its mid-December high of around $30, reflecting the broader markets bearish sentiment fueled by macroeconomic instability and risk-off behavior from investors. However, there is growing optimism that LINK could be preparing for a recovery. Martinez’s insights highlight that Chainlink is now sitting on a key support level at $13, which marks the lower boundary of a well-defined trading channel. Martinez suggests that holding this zone could set the stage for a major rally. If LINK confirms a stronghold above $13, historical price action indicates that a move toward the mid-range target of $25 is likely, with a potential extension toward $50 if bullish momentum strengthens. Related Reading: Investors Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours Accumulation Trend? The coming days will be critical as bulls must defend the $13 level to prevent further downside. A bounce from this zone could trigger renewed investor interest and accelerate momentum, positioning Chainlink as one of the altcoins leading a broader market recovery. For now, all eyes are on whether LINK can hold the line and reignite its bullish structure. LINK Price Battles Key Resistance Chainlink is currently trading at $14.30, sitting just below a crucial resistance zone that could determine its short-term direction. The $15 level has become a key battleground for bulls and bears. If LINK manages to break above this resistance with strength, analysts expect a swift move toward the $17 regionanother significant level that previously acted as strong support before the recent downtrend. The recent price action shows that bulls are regaining some momentum, especially after bouncing from the $13 zone. However, the market remains fragile amid broader macroeconomic uncertainty and cautious investor sentiment. A confirmed breakout above $15 would likely attract more buying interest, setting the stage for a short-term rally. On the flip side, if LINK fails to reclaim $15 and faces rejection at this resistance, it could slide back toward lower support levels. A drop below $13 would weaken the bullish case and expose the token to further downside, with the $12 mark acting as a possible next support zone. Related Reading: XRP Active Addresses Hit Highest Level Since April 2023 Will Price Follow? The next few sessions will be critical for LINK. Traders are watching closely to see whether bulls can build enough momentum to break outor if bears will regain control and push the price lower. Featured image from Dall-E, chart from TradingView
Chainlink (LINK) is currently in a positive price momentum and holding strong its ground. Over the past week, LINK is slightly up by 2.23% showing stability and signs for upward trend. LINK is on the verge of breakout and aiming for higher price targets, if the bullish momentum take place. Currently, Chainlink price is hovering around […]
Chainlink (LINK) is currently trading below crucial resistance levels, which could trigger a strong rally if bulls manage to reclaim them. However, volatility and uncertainty have dominated the market since the start of the month, keeping LINKs price action unstable. Related Reading: Cardano Is About To Break Free Breakout Above Crucial Supply To Trigger A Big MoveAnalyst The token has seen wild price swings, moving from $17 down to $13, briefly rebounding to $16, and then collapsing to a low of $11.8. Bulls are now fighting to push LINK back above the $15 mark, but momentum remains weak, and the market appears to be consolidating around current levels. Despite this uncertainty, on-chain data is showing promising signs. Metrics from Santiment reveal that 640,000 LINK were pulled off exchanges in the last 24 hours, which is typically a bullish signal. Large withdrawals from exchanges often indicate long-term accumulation, as investors move their holdings into private wallets instead of keeping them available for immediate selling. With exchange outflows rising, traders are watching closely to see if LINK can break through resistance levels and confirm a shift toward bullish momentum. The next few trading sessions will be key in determining whether LINK can recover or if further consolidation is ahead. Uncertainty Looms As Investors Watch For A Breakout Chainlink is currently holding above the $13.5 mark, struggling to reclaim higher levels as selling pressure and market uncertainty persist. Despite its recent recovery attempts, LINK remains stuck below key resistance, making investors cautious about its short-term direction. Analysts and traders are concerned about a potential drop below the current range, as on-chain metrics suggest a distribution phase may be unfolding. If LINK fails to hold its support zone, it could see renewed selling pressure, sending the price toward lower demand levels. However, not all signals are bearish. Crypto expert Ali Martinez shared Santiment data on X, revealing that 640,000 LINK were pulled off exchanges in the last 24 hours. This is often seen as a bullish indicator, as large investors typically withdraw their holdings from exchanges when they anticipate higher prices in the future. When whales and long-term holders accumulate, it reduces selling pressure on the market and strengthens price stability. If LINK manages to break key resistance levels, this accumulation trend could set the stage for a strong recovery rally. Related Reading: Ethereum Must Reclaim $2,050 To Start A Recovery Rally Insights For now, bulls must defend the $13.5 support and push LINK above the $15 mark to confirm a bullish trend reversal. The next few days will be critical as investors watch for a breakout or further downside movement. Chainlink Bulls Defend Key Support Levels Chainlink (LINK) is currently trading at $14, facing resistance at the $15 level as bulls struggle to reclaim higher ground. The market remains under pressure, and LINK must hold current levels to avoid a deeper correction. For a recovery rally to take shape, bulls need to defend the $13 support zone and build momentum toward a breakout above $15. If LINK successfully pushes past this resistance, the next major target is the $17 level, where it must reclaim the 200-day moving average (MA) and the exponential moving average (EMA) to confirm a bullish trend reversal. However, if LINK fails to hold its current support levels, selling pressure could intensify, driving the price toward the $10 range or even lower levels. This would put LINK in a deeper downtrend, making a short-term recovery more difficult. Related Reading: Solana Forms Classic Cup-And-Handle Pattern Analyst Predicts A Breakout To $3,800 With market conditions still uncertain, the next few trading sessions will be crucial in determining whether LINK can stabilize and recover or face further downside risks. Bulls must step in soon to regain control and push prices back into an uptrend. Featured image from Dall-E, chart from TradingView
Chainlink is a network that facilitates interaction between blockchains and external data feeds, payment methods, and events. It provides the off-chain information which complex smart [...]
Chainlink (LINK) rose an impressive 41% from lows around $5.5 to highs above $7.8 between November 21 and December 1. This rally saw the Chainlink [...]
Through the weekend and into the new week, trading volumes rose as investors returned from the U.S. Thanksgiving holidays. Chainlink price has displayed strength rising [...]
Chainlink (LINK) has recently shown resilience after a 35% retrace from its yearly highs, surging over 30% to test liquidity around the $23 mark. Despite this recovery, bearish sentiment continues to weigh heavily on altcoins, and Chainlink is no exception. The cryptocurrency has struggled to reclaim its local highs, raising questions about whether the recent rally has enough momentum to sustain further gains. Related Reading: Solana Sees Consistent Capital Inflows Since 2023 Liquidity Influx Signals Growth Top analyst Ali Martinez provided a detailed technical analysis on X, highlighting a critical pattern that could dictate LINK’s next move. According to Martinez, Chainlink is forming a head-and-shoulders patterna structure often associated with bearish reversals. If this pattern is confirmed, LINK could face a significant decline, potentially dropping as low as $14 in the coming weeks. This technical setup puts Chainlink at a crucial juncture, where holding above current levels is vital to avoid deeper corrections. Investors and traders closely monitor the price action, with $23 as a key resistance level. Whether LINK can overcome the bearish sentiment or succumb to further downside will likely depend on broader market conditions and its ability to invalidate the bearish pattern. For now, Chainlink’s outlook remains uncertain, keeping market participants on edge. Chainlink Price Action Showing Weakness Chainlink (LINK) has faced a challenging price environment since its drop from yearly highs, reflecting a broader bearish sentiment in the altcoin market. Despite showing some recovery, LINK’s price action has remained constrained, with significant resistance forming around the $26 mark. Reclaiming this level is essential for invalidating bearish outlooks and reigniting bullish momentum. Top analyst Ali Martinez recently shared a technical analysis on X, highlighting the potential formation of a head-and-shoulders pattern. This bearish setup, if confirmed, could send LINK plunging as low as $14. Such a move would represent a significant downside from current levels and underline the challenges LINK faces in reclaiming its former highs. However, not all hope is lost. Martinez notes that holding above the $22 mark could provide a strong foothold for Chainlink to stabilize and potentially reverse the bearish trend. A decisive push above $27 would further strengthen bullish momentum, signaling a potential return to a more optimistic outlook. Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support Top Analyst For now, the market remains riddled with indecision. Broader market conditions, including Bitcoins performance, will likely influence LINK’s direction. If LINK can successfully navigate these key levels, it may overcome the bearish narrative and position itself for a more sustained rally. Until then, caution remains warranted for traders and investors alike. LINK Testing Liquidity Chainlink (LINK) is currently trading at $23 after successfully testing demand at the $22 level. Despite holding this crucial support, the price action lacks a definitive direction, leaving traders and investors in a state of uncertainty. Bears appear to maintain control for now, with the recent retrace from yearly highs weighing heavily on sentiment. However, the $22 mark has proven to be a resilient support, suggesting that demand could surge at any moment to reclaim the uptrend. For LINK to break free from this indecisive phase, it must overcome the critical resistance at $26. A push above this level would invalidate the current bearish outlook and likely ignite a massive rally, with potential to revisit and surpass previous highs. Such a move would restore confidence among traders and could attract new buyers to fuel further momentum. Related Reading: Bitcoin Is Forming A Symmetrical Triangle Can BTC Reclaim $100K? On the downside, failing to hold above $22 would expose LINK to increased selling pressure, which could test lower support levels and prolong the bearish trend. For now, the market remains at a tipping point, with both bulls and bears waiting for the next decisive move. The coming days will be critical for LINK as it seeks to find direction amid broader market uncertainty. Featured image from Dall-E, chart from TradingView
Chainlink is currently trading in a bullish pattern that has been developing for at least seven months, capturing the attention of analysts and investors alike. Many are eagerly anticipating Chainlink to surge during this cycle and finally reclaim new all-time highs. The extended consolidation phase has kept traders on edge, as they await a significant [...]
The post Chainlink (LINK) Bullish Pattern Could Ignite A Breakout: Analyst Sets $15 Target appeared first on Crypto Breaking News.
Chainlink (LINK) has been on a strong bullish trajectory, registering a 24% gain over the past week. This impressive rally highlights growing investor confidence in the asset, fueled by significant technical advancements and institutional interest. However, despite its upward momentum, LINK is experiencing short-term volatility due to broader market fluctuations, particularly Bitcoins recent retracement. Chainlink […]
Chainlink has showcased its volatility over the past few days, with the price plunging 12% before staging an impressive 13% recovery in less than 24 hours. This rapid rebound has sparked optimism among investors, who view the altcoin’s resilience as a sign of its potential for significant gains in the near term. Related Reading: Solana Consolidates In A Bullish Pattern A Breakout Could Spark A 40% Move Top analyst Jelle shared a technical analysis on X, describing the LINK weekly chart as slowly evolving into a “thing of beauty.” The chart signals growing strength, suggesting that Chainlink could be poised for a substantial move if key price levels are reclaimed. The coming days will be crucial for LINK, as fresh supply zones are yet to be tested. A successful breakout above current resistance levels could catalyze a massive rally, potentially pushing Chainlink to multi-year highs. However, failure to hold its recent gains could lead to further consolidation or a retrace to test demand zones. As market sentiment shifts and technical indicators align, Chainlink is catching the attention of traders and long-term holders alike. The stage is set for a potential breakout, and all eyes are on LINK to see if it can capitalize on its momentum and deliver the rally many are anticipating. Chainlink Prepares for a Rebound After 42% Correction Chainlink (LINK) has faced a challenging few weeks, with the price plummeting over 42% since mid-December. However, signs are emerging that this steep correction may be nearing its end. Analysts are now speculating that LINK has reached a bottom, as short-term price action hints at bullish momentum. Top analyst Jelle shared a detailed technical analysis on X, highlighting that LINKs weekly chart is slowly turning into a true thing of beauty. He noted the significance of a painful yet critical retest of a key support level, which LINK has managed to hold firmly. This resilience is boosting confidence among investors and traders that the worst may be over for the altcoin. Jelle identified the first key target for LINK at $30, with expectations of new all-time highs following if bullish momentum sustains. For this to materialize, LINK must reclaim crucial levels to break the daily downtrend and establish a bullish structure. Related Reading: Ethereum Is Forming A 1-Hour Symmetrical Triangle Bullish Breakout Or Deeper Correction? The coming days are critical for Chainlinks recovery. If LINK successfully holds its support and breaks above short-term resistance levels, it could trigger a rally that many investors are anticipating. A failure to maintain these levels, however, could lead to further consolidation or even a retest of recent lows. The market is watching closely as Chainlink attempts to chart its next big move. Price Holds Strong: Key Levels To Watch Chainlink (LINK) is trading at $20 after a volatile Monday, during which the price briefly broke down to the $17 mark before staging a swift recovery within hours. This dramatic rebound has reinvigorated bullish sentiment, with many investors speculating that LINK could be gearing up for its next major move. Bulls appear to have gained the upper hand, as the price now flirts with breaking above the $22 level. Successfully reclaiming this level would set the stage for a challenge of the $25 local high, a critical resistance point for LINK’s short-term price action. Analysts believe that flipping these levels into support could act as a springboard for a significant rally, potentially pushing LINK into higher territory. However, the journey ahead remains uncertain. LINK needs to maintain its momentum to avoid falling back into bearish territory. A failure to break above $22 could result in renewed consolidation or a retest of lower support levels. Related Reading: XRP Scores A Lower High Break On Daily ATH Next? For now, all eyes are on Chainlinks price action as it navigates this pivotal moment. A decisive breakout above the $25 mark could signal the start of a strong bullish trend, reigniting optimism among investors and setting the stage for further gains. Featured image from Dall-E, chart from TradingView
Chainlink (LINK) remains a key player in the evolving DeFi space, with its robust oracle network and growing adoption. As a critical component of blockchain [...]
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
