- Chainlink hovered almost $ 13.15 after a decrease of 15% and tested a support zone that caused earlier rallies.
- Price promotion remained locked in a falling trendline, where traders keep an eye on an outbreak or a decrease of 20%.
Chain link [LINK] Fell more than 15%in the past week, but during the time of the press it landed on a key portal that could cause a jump.
The sale attracted the attention of analysts and investors, many of whom bet on a rebound, although it is not all about what comes next.
Another slip and it’s gone!
Various experts and analysts on X (formerly Twitter) discussed the current level of Link, with some who indicate that it is a crucial point for the Altcoin, while others believe it has a strong upward potential.
On June 18, a analyst has made a daring prediction, explained,
“Link is about to have the abyss; if it doesn’t bump from $ 12.5, it will get into trouble.”
In the meantime, others took the other side, suggestion That this zone can restore the momentum of link.
Despite geopolitical jitters between Israel and Iran, who is a broader sentiment, the technical arrangement of link at this level has become a battlefield between bulls and bears.
The price holds, but volume rises
At the time of the pressure, link in the vicinity of $ 13.15 acted with a daily increase of 0.55%. Handelsvolume stood within 24 hours with 10%, which shows that market participants started coming in again.
Source: Coinglass
In addition, Coinglass data showed $ 16.2 million in exchanges in the past week, suggesting a strong accumulation.
This can help to reduce the sales pressure and supporting prices if it persists.
$ 9 million in bullish bets
Not only that, but traders also seem to follow the same path, because they have been found strongly on the bullish side.
Coinglass -data revealed $ 9 million in long positions focused around $ 12.55, while Shorters built $ 3 million in positions near $ 13.35.
Source: Coinglass
These levels indicate that bulls are currently dominating the Altcoin.
Technical graphs indicate …
According to the technical analysis of Ambcrypto, Link Bullish seems ready for a potential price revenue.
The daily graph showed that the current level of $ 13.15 is an area where Link has shown earlier since the end of April 2025.
Source: Trade reproduction
The zone of $ 12.65 – $ 13.15 has seen rebounds historically and a handle here can focus on the resistance of $ 15 – $ 16.
However, if link slides below $ 12.50 and closes under the daily graph, a decrease from 20% to $ 10.15 could follow.
Credit : ambcrypto.com
