Chainlink (LINK) is showing growth as it approaches a key resistance level at $17.50. This level has pressured the price before, and traders are closely monitoring its breakthrough.
Chainlink Resistance and Support Levels
Currently, the LINK price is around $15.60. The key resistance is at $17.50, which has halted LINK rallies before in late March and early May. If traders can surpass this level, it may pave the way to $19.50 or even $20.00.
Signals for Traders on Price Pullbacks
If LINK's price begins to slide, the key zone will be the $14.00–$13.90 range. Traders expect a recovery if the price drops there. Otherwise, a decline to about $12.30 could follow. The last line of defense is the $10.80–$11.10 range.
Future of LINK Under Current Pressure
Traders are continuing to keep a close eye on the $17.50 level. A breakout above this level could change the current pressure on LINK’s price, while a failure to break it might indicate a longer wait.
The coming days will be critical for Chainlink, as traders await the breakthrough of the resistance level at $17.50 for further upward movement.
