Chainlink (LINK) Price on the Brink: Will $21 Hold, or Is a Bigger Drop Coming?

2025-1-9 23:30

The crypto market is still up and down in 2025, and Chainlink’s price keeps moving around a lot. Right now LINK is trading at $21.07, and it is at an important point after its big rise in 2024.

Looking back at 2024, Chainlink’s price kept climbing higher and higher. We saw this happen in two main ways. First, between July and October 2024, the price formed a pattern – it bounced between a straight line at the top and a rising line at the bottom. This pattern indicated buyer accumulation, culminating in a breakout above $16 that initiated a powerful upward move.

Following this, LINK formed a bullish pennant between November and December. This formation featured a period of price consolidation after a sharp rally, with the breakout driving LINK’s price to a high of $36. The bullish patterns played a vital role in LINK’s performance, maintaining a trend of higher highs and higher lows through much of 2024.

Read Also: 2025 Could Be Bullish for SUI – Here’s Why

Chainlink Price Faces Key Support Near $21

Despite its robust rally, Chainlink has entered a corrective phase, with the price retracing from its $36 peak. The current level of $21 represents an essential support zone, coinciding with the breakout area of the previous bullish pennant.

The RSI currently at 43.07, points to weaker momentum, while the Moving Average Convergence Divergence (MACD) reflects bearish trends with negative histogram values. If LINK fails to maintain support near $21, further declines may follow, with $16 emerging as the next potential support zone.

Resistance Zones Remain a Hurdle

On the upside, Chainlink faces resistance near the $28-$30 range, with $36 marking the next significant barrier. These levels align with previous consolidation zones and recent swing highs. To regain upward momentum, the price would need to breach these resistance levels, coupled with improving indicators like RSI and MACD.

Chainlink’s price hangs in a precarious balance as technical indicators suggest ongoing bearish momentum. Traders remain focused on the $21 support zone, as its breakdown or retention could determine LINK’s next major move.

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The post Chainlink (LINK) Price on the Brink: Will $21 Hold, or Is a Bigger Drop Coming? appeared first on CaptainAltcoin.

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ChainLink (LINK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $17.68
Капитализация $0 Rank 99999
Доступно / Всего 0 LINK

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Источник: captainaltcoin.com

chainlink link → Результатов: 126


Chainlink’s LINK Set to Offer Highest Return, Forecast to Enter Top 3 Cryptocurrencies: Here’s the Timeline

A crypto commentator known as Bubbafox (@bob4punk) with more than 15k followers on X has forecasted a bright future for Chainlink (LINK). The poster asserts that Chainlink is set to not only provide the highest return on investment (ROI) in the crypto space but also secure a position among the top three cryptocurrencies alongside Bitcoin […] The post Chainlink’s LINK Set to Offer Highest Return, Forecast to Enter Top 3 Cryptocurrencies: Here’s the Timeline appeared first on CaptainAltcoin.

2024-6-14 09:50


Chainlink Price Attempts Recovery as LINK Whales Accumulate – This Altcoin’s Presale Storms Ahead

Chainlink (LINK) rallied 4% today to trade close to the $15 mark. After surging to $16 in mid-November, LINK entered a correction phase but appears to be recovering lost ground. On-chain analytics firm Santiment reported that Chainlink recently witnessed a spike in transactions from older coin holdings changing wallets.

2023-11-29 16:30


Фото:

Chainlink за неделю укрепился более чем на 33%

Цифровая валюта Chainlink (LINK) за последние семь дней подорожала более чем на 33%. В ночь на понедельник, 13 ноября, LINK достиг $16,18. Последний раз на таком уровне альткоин торговался в марте 2022 года.

2023-11-13 00:01


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