This Price Level Could Change Everything for Chainlink (LINK)

Chainlink is starting to heat up again as it approaches a key resistance level that has kept it in check for months. 

Crypto analyst AliCharts shared a chart on X(Formerly Twitter) showing LINK price trading around $15.60, and it points out that the next big test is at $17.50. 

That level has acted as a ceiling before, and traders are now watching closely to see if this time will be different.

Over the past two weeks, LINK has climbed about 30% from its early July low near $12.00. The candles on the daily chart show steady buying, with higher highs and higher lows giving bulls some momentum. Now, all eyes are on whether that push can continue.

LINK Resistance and Support Levels in Focus

The $17.50 level has stopped LINK rallies before, once back in late March, and again in early May. 

If price can finally close above it, that would break the top of a range that’s been in place for three months. It could also clear the way for a move toward $19.50 or even $20.00.

Right now, LINK price is sitting above $14.00, which used to be strong resistance but flipped into support last week. 

The breakout above that level came with four strong green candles in a row, usually a sign that buyers are in control. 

Below that, there’s another support zone between $12.30 and $12.70, which caught several dips earlier this year.

What to Watch If LINK Price Pulls Back

If LINK price starts to slip, the $14.00–$13.90 zone becomes key. Bulls will want to see a quick recovery if price drops there. If it doesn’t bounce, the next stop could be that lower support area near $12.30. 

And if things really go south, the $10.80–$11.10 level is the last line of defense, the same zone where LINK bottomed out in spring. That level would need to hold to keep the current bullish structure intact.

For now, the setup is simple: traders are watching $17.50. A breakout could change the game, while a rejection might signal that LINK needs more time before making a bigger move.

Read Also: How High Can Ongoing BTC Spike Go? Here’s What Key Indicators Show

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Funbi Afe
Funbi Afe

Funbi Afe is content strategist with a strong background in technical writing, cryptocurrency, journalism, and copy editing. Passionate about simplifying complex topics, Funbi crafts clear, engaging content that informs and inspires diverse audiences. With expertise spanning blockchain technology, SEO strategy, and market analysis, Funbi is dedicated to helping brands and communities deliver impactful, polished messaging in the fast-evolving digital space.

CaptainAltcoin
Logo