- Link fought against the key support at $ 22.85-The maintenance above could trigger a gathering around $ 25 and beyond.
- MacD and RSI showed mixed signals, while the drop in open interests referred to potential market consolidation.
ChainLink (link) exchanged $ 23.48 At the time of writing, with a 24 -hour negotiation volume of $ 729.94 million. The price decreased by 1.89% in the last 24 hours and 9.29% in last week, placing the token near the Fibonacci trace level from 0.382 to $ 22.85.
This level appeared as a crucial support zone, where buyers seem to intervene to avoid other drops.
Technical analysis shows that the outfit above this level could provide a base for an ascending movement. A potential rebound could push the link to the level of 0.5 fibonacci at $ 23.90, serving as intermediate resistance.
Beyond that, the Fibonacci retracement level from 0.618 to $ 25.00 could act as a key area for trend reversals or eruptions.
The support and resistance levels define the following movement
The current consolidation close to $ 22.85 suggests that this support is essential for the action of short -term prices of Link.
Ventilation below this area could see the token support to lower the support almost $ 22.00, where the historic purchase activity was observed.
Source: tradingView
Uplining, immediate resistance is $ 23.90, with higher resistance at $ 25.00. I
F Link managed to cross these levels, the price could reach $ 30.46, which represents a potential gain of 31.07% of current levels.
The indicators report a mixed momentum
The parabolic SAR indicates a transition to bullishBecause the points recently exceeded the price. However, for a sustained movement upwards, Link must exceed the resistance of the keys almost $ 27.00, the last level of recorded SAR points.
The MacD shows a slight bullish momentum, with the MacD line at 0.485 above the signal line at 0.606. However, declining green histogram bars suggest weakening force.
A potential crossing of the MacD line under the signal line could indicate a downward pressure, which encourages merchants to closely monitor this indicator.
Source: tradingView
Meanwhile, the RSI is 49.65, reflecting the conditions of the neutral market. A decision above 50 could point out an increased dynamic of purchase, while a drop of less than 40 can lead to a downward continuation.
Chain data and market participation
According to Cryptocurrency Data, the total number of chainlink transactions is trendy at 11K, reflecting a moderate network activity compared to previous peaks.
Source: cryptocurrency
Transaction transactions in 2020 and 2021, when the prices of links approached $ 60, suggest that a higher chain activity is generally aligning with bullish rallies.
Read the price forecast of ChainLink (link) 2025-2026
In addition, Coalaryze data shows That the open interest (OI) was $ 384.5 million, with a decrease of 5.68% in the last 24 hours. This reduction in active positions indicates a decrease in market participation and potential consolidation.
Merchants closely monitor the changes of oi, as they often precede significant price movements.
Source: Coanyze
At the time of writing the time of writing, Link’s price was testing a level of critical support which could act as a springboard for recovery.
