Chainlink Builds Solid Demand Between $14.8 And $15.2, LINK Could Hit This Price Level With The Lack Of Resistance
According to crypto analyst Ali, Chainlink (LINK) has established a solid on-chain demand zone between $14.8 and $15.2. Approximately 17,650 addresses have accumulated over 85 million LINK tokens in this area.
With minimal overhead resistance ahead, this base of support positions LINK favorably for an advance back toward the psychological $20 level.
What you'll learn 👉
Additional technical analysis
AltFINS echoes the bullish perspective in its latest report:
- Overall uptrend intact across higher timeframes
- A pullback to $11.80 re-energized bullish momentum.
- Oscillators turning upward with room to run
- Next target at $17 en route to $20
Source: altFINS – Start using it today
They too cite the lack of substantial resistance through the $17 zone, with breaches of this area opening up airspace for LINK to challenge its prior all-time high around $35.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Favorable Long-Term Setup
altFINS also notes LINK remains well-positioned as a prime infrastructure play as the adoption of crypto-based financial products like tokenized US Treasuries accelerates, necessitating decentralized oracles.
With fundamentals and tokenholder on-chain activity supporting the bull thesis, traders may use the recent basing formation to gain LINK exposure heading into the next crypto run-up.
You may also be interested in:
- Here’s the Real Reason for Bitcoin’s Slump Following ETF Approvals
- Putting $1,000 into Cardano ($ADA)? See What Your Investment Could Become by 2025
- Lyn Alden Predicts $200K Bitcoin in Two Years; Injective & InQubeta Secure New Funding
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
