ChainLink (Link) price in Make -or Moment: Will you support Hold before the next step? Yazan analyst
Chainlink is at a turning point now. Traders monitor to see if it can remain above an important support level before moving again. The price was climbing steadily over time, moving up and down within clear limits.
The Crypto Amcryptoalex analyst has been published on X about the current setting of LINK, expecting a re -test from $ 10 to $ 11 before the lower models. Despite this short -term decrease, the analyst is still optimistic, indicating that the LINK price may be on the right path to reach $ 100 in this course. But at the present time, all eyes revolve around whether the support will keep or if there is more from the downside.
The main support levels and the levels of resistance chainlink
Looking at the chart, Chainlink moves inside an upward channel for some time. The lower direction line works as strong support, which means that the price has historically wore this level before it rises. On the other hand, the upper direction line was a resistance area, where the Link price tends to decline after the big marches.
Recently, the price reached 28 to 30 dollars before it re -dived with the support. Now, the LINK price is hovering near an area of $ 10 – 11 dollars, a level that corresponds to each of the procedures previously for the price and the minimum boundaries of the channel. If buyers enter here, we can see a reflection to the upward trend. But if this level fails, things may become difficult.
Linking short -term expectations and market morale
Currently, LINK offers some signs of recovery, as buyers interfere in near support. If you can keep this level, there is a possibility to return about $ 25 to 30 dollars in the coming weeks.
However, if the price of Chainlink erupted to less than $ 10, this may mean a deeper correction before another march. To date, market morale is still positive, as many traders are still looking for much higher goals in the long run.
Also read: Bolkadot is approaching strong support, ready to apostasy: to what extent can the transfer price increase?
What is the next link?
Despite the uncertainty in the short term, the large Link image still looks ascending. I wore this trend line several times before, and if history repeats itself, it can prepare a strong move up.
Now, everything comes Get up if the link price can remain above $ 10 – $ 11. If so, the next station may range from 25 to 30 dollars – and then, some analysts still believe it may reach $ 100 in this course. But if the support allows the field, it may be the deepest correction in the store before the next main legs reach.
Either way, this is a moment worth seeing the series of a chain chain.
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