Chainlink (link) is currently in a bit of a difficult place. It is above an important level of support on the two -day graph, but it stands for some challenges. Despite the pullback, it is still above the level of $ 15.90, and although the graph has had a sharp correction, nothing important has been demolished. However, the Bearish scenario suggests that Chainlink could continue to withdraw, so that even lower levels such as the $ 15 may be tested before it could bounce possible.
The prize of Bitcoin fell after news about the trading rates of US President Donald Trump, who expressed concern about possible retribution and a trade war. In the meantime, Chainlink started the week with a price decrease, powered by the Bearish sentiment caused by the rates. Although LINK shows the potential for a rebound, the price of it has been relatively stagnating in recent days.
Crypto analyst Ali Martinez wrote on X (formerly Twitter): “The most critical resistance zone for #chainlink $ link to break is $ 23.78. An outbreak above this level can clear the road for a new bull rally! “
What should you pay attention to:
Chainlink can still make a push -up to levels above $ 30, but it has to hold above its current support levels to make that happen. If it breaks below the low point of this week, it can send the price back in a lower range, so that the LOS points of Augustus are tested again.
Short -term focus:
The price tries to go up in the shorter period of time. It shows signs of support around $ 17.50 and can possibly break above the level of $ 19.85 to achieve some up -up momentum. If it breaks higher, pay attention to goals around $ 21 – $ 22.
Credit : coinpedia.org
