Cryptocurrency Analysis of Chainlink (LINK)

Cryptocurrency analytics firm MakroVision has evaluated Chainlink (LINK) and outlined key technical levels that could determine the token’s next big move.

After reaching a local peak in December, LINK faced significant selling pressure. However, a new structure is now forming on a broader time frame, suggesting a potential shift in momentum, according to the analyst firm.

Key Levels to Watch

• $16.5 – $17.3: Current test zone, aligned with previous support and intersecting with the downtrend line.
• $20.2 – $21.7: A strong resistance area; a break above this level could open the way to LINK’s upper trading range.
• $12.6: A key support level that marks the lower uptrend line. Holding this level could be a bullish sign.

At the time of writing, LINK is trading at $14.34.

According to the analytics firm, Chainlink is currently at a crossroads, balancing between structural support and a potential breakout. The range around $17 remains the key short-term turning point that could determine whether LINK continues its uptrend.

This is not investment advice.