Market Analyst Predicts Chainlink (LINK) Price May Pump Again – Here are Key Levels to Watch
Elite analyst Crypto_Jobs has identified potential bullish momentum for Chainlink price, suggesting that the cryptocurrency could explode if it holds above a critical support zone.
He highlights a green support level on the LINK chart as a possible launch point for further gains on X. The analysis aligns with technical indicators that suggest opportunities and risks for the asset’s near-term performance.
What you'll learn 👉
LINK Price Key Support Zone Provides a Possible Foundation
The green support zone marked on the LINK chart represents an area where strong buying activity has previously occurred. This level has been emphasized as a critical area for maintaining bullish sentiment. According to the analysis, a rebound from this zone could push LINK’s price toward resistance levels at $25.70 and $27.30, which have previously halted upward momentum.
Crypto_Jobs tweet supports this outlook, stating, “$LINK May pump again on/above green support zone here 📈.” He underscores the importance of the support zone in determining the asset’s next direction. If the price holds above this level, the potential for an upward breakout increases.
Chainlink Resistance Levels and Retracement Zones in Focus
The chart indicates two prominent resistance levels at $25.70 and $27.30, where selling pressure has historically capped gains. These levels will need to be overcome for LINK to establish a sustained upward trajectory. Meanwhile, Fibonacci retracement levels between 0.618 and 0.786 suggest areas where price reversals are commonly observed.
Technical analysis also reveals a downward trend in the short term, with the asset experiencing multiple peaks and dips. However, the presence of a blue upward-sloping moving average indicates that the broader trend remains bullish despite recent declines.
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Moving Average and Potential Scenarios
The upward-sloping moving average provides a foundation for optimism, suggesting that LINK’s overall trajectory may still favor buyers. If the price of LINK maintains its position above the green support zone and gains momentum, it could retest resistance levels and potentially extend gains. Conversely, a breach below the support zone may expose LINK’s price to lower levels around $23 or $21.
This analysis offers traders actionable insights into the critical levels to monitor for Chainlink’s price movements soon.
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