ChainLink (Link) has been in a declining direction since December 2024 of the peak of about $ 28.00. Currently, Link is trading at $ 11.36 with a decrease in the price by 2.06 % over the past 24 hours. The distinctive symbol lost more than 60 % of its value last time at $ 28.00 four months ago.
Will the reflection happen, or is the price back from the level of subsidies of $ 10?
ChainLink price analysis
The LINK daily chart has shown calm since December 2024. The price has created lower tops at the FIB levels of 26.71 dollars (0 FIB), $ 24.38 (0.236 FIB), and $ 22.95 (0.382 FIB). The last collapse in the price is that the link is struggling to subscribe to 10.78 dollars.
Emas depicts a declining preparation, as Link is currently trading under all important EMAS. Emas 50 and 200 days show a declining cross, as the first was more severe. The price has been constantly rejected by 50 and 200 Emas since the beginning of February 2025, as the last rejection was about $ 16.00 in late March.
The MACD index shows a declining momentum, where the MACD line is traded below the signal line at -0.95. The graph -0.22 chart appears, indicating constant declining pressure. Meanwhile, from the end of March to the beginning of April, price movements indicate that there is a rise in the same situation.
A convergence channel containing the link since December. The channel ranges from about $ 28.00 at the highest level in December to the current price level of $ 11.36. In January, February, and March, the upper trend line of the resistance refused to constantly collect prices for $ 24.00, $ 20.00 and $ 16.00, respectively, while the lower support line was repeatedly tested.
The association price currently finds support at $ 10.78, while the 1.618 Fibonacci extension at $ 10.78 will serve as decisive support. Resistance is now appearing at immediate levels of $ 14.19 (1.272 FIB), which coincides with the Tawheed area 23-28 March after 16.86 dollars important (1.0 FIB), which refused to advance in prices twice in March.
The goals of the link price
If the bonding price can maintain support higher than $ 10.78, this may lead to a reflection goal of about $ 14.19. For a large recovery, Chainlink will have to break the upper border of the concession channel, which is about $ 16.00. Such penetration indicates a reflection of the direction.
On the other hand, if the link price decreases lower than the support level of $ 10.78, the pressure pressure may increase towards the level of psychological $ 10.00, which is in line with the expected channel support.
376 million links purchased near $ 6
Analysis platform, INTOTHEBLOCKIt reveals that more than 376 million links have been collected a link on the 6 -dollar sign, making it a decisive request wall that may provide support in another significant decrease.
About 50 % of profit holders, while approximately 45 % in red. If the association collapses less than $ 12.25, the sale of panic can accelerate.
