Chainlink (LINK) is trading at $14.25, with market participants closely watching price dynamics.
Current Situation for Chainlink
Chainlink (LINK) is showing resilience at the 4-hour trendline support. The current price stands at $14.25, with strong support preventing a decline. The $15.05 level is in focus as it may be crucial for future movements.
Growth Potential and Key Levels
Breaking above the $15.05 resistance may lead to a rally towards $17.05. Clearing this level would bolster bullish sentiment and could support a long-term price increase. Sustaining above $17.05 opens the way to higher price targets in the coming weeks.
Risks and Possible Trend Changes
Failure to maintain the 4-hour trendline could reverse direction, pushing LINK towards the $11.50 support. A breach of this level could increase selling pressure, resulting in further losses and potentially a long-term downtrend.
Traders should closely monitor LINK’s performance at the 4-hour trendline, as holding or breaking it will determine future price dynamics.
