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ChainLink has been subjected to severe pressure for sale, as the declining direction is traded as twice the broader market in the market pulls encryption prices. The entire encryption market is still in a defensive state, with total economic uncertainty and the emerging fears of the trade war in continuing to get rid of the investor’s confidence. With no clear solution on the horizon, many analysts believe that this high -risk environment can continue in the coming months, which increases pressure on digital assets such as ChainLink.
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Link has struggled to maintain ascending momentum, and market morale is still divided. An increasing number of analysts warns of a lower possible interruption than current levels, which may indicate the start of a long bear cycle. However, not everyone is down.
Ali Martinez, the recently more optimistic encryption analyst. According to his analysis, all eyes should be at the level of support with a cost of $ 13.20 – a decisive direction line that stood strongly through recent fluctuations. Martinez notes that this level can serve as the launch platform for the new apostasy at LINK price. Whether support or breaks are likely to determine the direction of Chainlink in the coming weeks.
Chainlink holds a major support after a decrease of 55 %
Chainlink has currently decreased by more than 55 % of its highest level in December at about $ 30, as it struggles to find momentum with the appearance of the wider market conditions. The bulls have not yet recovered any useful resistance levels, and price procedures remained disappointing amid continuous sale pressure. However, despite the weakness, the bears were unable to pay a link to the bottom of the current demand area – a sign that this area may act as a strong support floor.
If this level continues, the great recovery may be on the horizon. The possibility of a recovery of attention, especially since the total economic uncertainty disturbs expectations. The latest tariff ads, US President Donald Trump and geopolitical moves shake financial markets, adding pressure on global economies and preparing for the car for a possible era. The encryption markets, which are often sensitive to global instability, remain stuck in the middle.
Amid this background, Martinez It has highlighted The main technical level to watch: $ 13.20. According to Martinez, the trend line can be this support is the launch platform for the next main bounce in the price of Chainlink. It is worth noting that the TD sequence index may also flash a purchase signal at this level, which increased the promotion of the upward state of the transformation.
While the risks remain high, a strong defense of a $ 13.20 region can increase renewable momentum and provide an opportunity to reclaim higher ground. The coming days will be very important in determining whether LINK can settle and gather – or whether the current support will finally give the passive road.
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The link is traded at $ 13.20, such as decisive support price tests
ChainLink (Link) is traded at $ 13.20 after enduring several days of intense pressure, putting the distinctive symbol in a decisive position. This level now works as the last strong support before deep losses, and the bulls must be fixed above it to prevent the collapse of the market structure. The decisive defense here is necessary, as slipping without a mark of $ 13 may quickly lead to a decrease under 12 dollars, which leads to a decrease in a link to areas for low demand.
To convert momentum and excite a recovery rally, bulls need a higher ground restoring – starting with a higher move than $ 16. This region has worked as a major resistance barrier in recent weeks, and the clean collapse will form a meaningful shift in feelings.
More importantly, the continuous batch of more than $ 17 would restore the connection to the top of the 200 -day moving average (MA) and the SIA moving average (EMA), two important technical indicators referring to the power of the wider direction. Restoring these levels would confirm the renewed bullish momentum and may attract the new demand from merchants and investors who have been marginalized.
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Currently, all eyes remain at the level of $ 13. Whether the bulls defend it or not, the fate of LINK can define in the short term-and set the tone for its next main movement.
Distinctive image from Dall-E, the tradingView graph
