ChainLink looks ready for the next upward movement, according to the graphic drawing by the Crypto_ed analyst (@Crypto_ED7) on X. The association price is currently trading at about $ 15.86 and signs of strength after a clean long -term downward direction.
The daily graph shows that the link broke out from Convergence This was a strong resistance for weeks. After this penetration, the price returned to re -testing a $ 15.00 region, which was previously resistance. This region has now turned into strong support, confirming what traders are looking for in a healthy bullish structure.
Crypto_ed highlighted that this is the type of bulls that the bulls want, or first in the penetration, then re -test, and now a strong grip. The volume also increases on green candles, which indicate that buyers move strongly.
$ Looks strong – the climb preparation $ | Chainlink shows a solid strength on the daily chart. After leaving a long convergence channel, Price fell and got the support beautifully around the $ 15.00 region. This level has now turned against … pic.twitter.com/3nmevbgtx0
– Cryptoed (@Crypto_ED7) May 27, 2025
RSI and Stochastic indicators support this step
Momentum indicators are also well lined. The RAM is bounced on the levels of sale, while the normal relativity index is still above 50, indicating that the link is still in a healthy direction. This setting gives more emphasis that the momentum is in favor of the bulls.
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According to Crypto_ED, if the link price can close more than $ 16.50 on the daily chart, the door may open for $ 18 and $ 20 levels. The Temple is sound, and the highest path appears promoted as long as the price continues to stick to the main $ 15 level.
ChainLink shows strong technical signs, and traders will closely monitor this daily closest to confirming the next stage.
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