- ChainLink tests the Haussier market support band, which could soon determine its trajectory.
- The “silver” percentage, around 8%, highlighted a transitional area around $ 20.
During the press time, ChainLink (Link) tested the $ 18 market support tape to determine the long -term trend force.
Historically, the outfit above this level reported a strong bullish dynamic, allowing prices to continue towards higher levels.
If Link maintains the support above this group, it could confirm its upward trend, attracting more buyers, with potential objectives greater than $ 25 in the coming weeks.
Ventilation below this level, in particular with a confirmed retest as resistance, could trigger a sale pressure. This will invalidate the upward structure of Chainlink and suggest a risk of additional decline.
Source: intothecryptovers
In such a scenario, Link could put lower supports nearby and below $ 14, which previously acted as accumulation areas.
Monitoring the weekly closure around this level will be essential to confirm the following directional movement for Altcoin.
Link’s “Long Tail” key level
The analysis of the action of Link prices using the rupture of the Luxalgo structure reported a change in dynamics because ChainLink remains greater than $ 18, confirming a bias bias.
This support was critically tested by the long tail on Link’s daily graphic and instantly rejected.
This suggests an increase in buyers’ interests, with key resistance levels to $ 22 and $ 25. However, non-compliance with $ 18 as a support could lead to a trend reversal at $ 16.80.
The MacD indicator has shown an increasing bullish momentum, while the MacD line crossed the signal line nearly $ 18, confirming the momentum upwards.
Source: tradingView
However, the volume has remained relatively low, indicating a need for higher follow -up pressure to maintain the break.
If the volume increases, it could strengthen Link’s upward trend, pushing towards higher price objectives.
Conversely, if the MacD histogram begins to decrease, this can report a slowdown in the momentum, increasing the risk of a decline at $ 17 and possibly $ 15.
If buyers maintain control over BMMSB, Link could continue its upward trend, while failure to maintain support could point out increased bearish pressure and deeper retractions.
Profitability of global holders
Finally, bond trading at $ 18 showed that 76.79% of the addresses were “in money”, indicating solid support in terms of level.
Conversely, 15.73% of the addresses were “out of money” at this level, which suggests potential resistance if the link fails to maintain above.
Source: intotheblock
Read the price forecast of ChainLink (link) 2025-2026
The “silver” percentage, around 7.47%, highlighted a transitional area around $ 20.00, a critical pivot for a future price direction.
If the link maintains above BMSB, it could indicate a strengthening of the bullish feeling, potentially targeting the upper levels. Conversely, the fall below could see other drops for Altcoin.
