Chainlink is starting to heat up again as it approaches a key resistance level that has kept it in check for months. 

Crypto analyst AliCharts shared a chart on X(Formerly Twitter) showing LINK price trading around $15.60, and it points out that the next big test is at $17.50. 

That level has acted as a ceiling before, and traders are now watching closely to see if this time will be different.

Over the past two weeks, LINK has climbed about 30% from its early July low near $12.00. The candles on the daily chart show steady buying, with higher highs and higher lows giving bulls some momentum. Now, all eyes are on whether that push can continue.

The $17.50 level has stopped LINK rallies before, once back in late March, and again in early May. 

If price can finally close above it, that would break the top of a range that’s been in place for three months. It could also clear the way for a move toward $19.50 or even $20.00.

Right now, LINK price is sitting above $14.00, which used to be strong resistance but flipped into support last week. 

The next major hurdle for Chainlink $LINK is the $17.50 resistance level. Watch for a breakout! pic.twitter.com/5tbLrQi9ul

The breakout above that level came with four strong green candles in a row, usually a sign that buyers are in control. 

Below that, there’s another support zone between $12.30 and $12.70, which caught several dips earlier this year.

If LINK price starts to slip, the $14.00–$13.90 zone becomes key. Bulls will want to see a quick recovery if price drops there. If it doesn’t bounce, the next stop could be that lower support area near $12.30. 

And if things really go south, the $10.80–$11.10 level is the last line of defense, the same zone where LINK bottomed out in spring. That level would need to hold to keep the current bullish structure intact.

For now, the setup is simple: traders are watching $17.50. A breakout could change the game, while a rejection might signal that LINK needs more time before making a bigger move.

Read Also: How High Can Ongoing BTC Spike Go? Here’s What Key Indicators Show

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The post This Price Level Could Change Everything for Chainlink (LINK) appeared first on CaptainAltcoin.

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