Technical Analysis Link

Chainlink Price Analysis

Link is currently holding on a support zone (Green) at $12.563 — $13.003. This zone has historically provided a solid foundation for the price to rebound. If the price holds above this support, we could see a potential rise toward the next resistance zone (Yellow) at $17.388 — $18.471. However, if the price breaks below the green zone, it might drop to the next significant support zone around $8.709 — $9.748. Traders should keep a close eye on how the price behaves around these key levels, as they will provide important clues about the market’s next direction. Watching for increased trading volume and strong price movements can help identify whether the price is likely to bounce back or continue to fall.