{"id":21656,"date":"2025-04-14T16:00:14","date_gmt":"2025-04-14T16:00:14","guid":{"rendered":"https:\/\/cryptd.in\/chainlink-just-retested-key-support-heres-where-price-could-be-headed-next\/"},"modified":"2025-04-14T16:00:14","modified_gmt":"2025-04-14T16:00:14","slug":"chainlink-just-retested-key-support-heres-where-price-could-be-headed-next","status":"publish","type":"post","link":"https:\/\/cryptd.in\/hu\/chainlink-just-retested-key-support-heres-where-price-could-be-headed-next\/","title":{"rendered":"Chainlink Just Retested Key Support \u2013 Here\u2019s Where Price Could Be Headed Next"},"content":{"rendered":"

Chainlink (LINK) is showing renewed promise after a fresh retest of a crucial support level, hinting that the bulls may be gearing up for the next phase of its upward move. The recent bounce off this key support area, previously acting as a barrier, reinforces the idea that the level has now become a strong foundation.\u00a0<\/p>\n

This move reinforces the strength of the support and builds the case for a potential upside<\/a> run. As LINK stabilizes above this key level, eyes are now on the next resistance zones that could define the near-term direction. With momentum gradually rebuilding, the stage might be set for a breakout that could catch the broader market\u2019s attention.<\/p>\n

Chainlink Holds Strong: Breaking Down The Critical Support Retest<\/h2>\n

According to Jimmy X in a recent post on X<\/a>, Chainlink has broken out of a falling wedge pattern on the daily chart, a formation often considered a bullish reversal<\/a> signal. This technical development is catching attention as it hints at a possible shift in momentum after a period of downward consolidation.<\/p>\n

Jimmy noted that LINK is currently testing the upper trendline resistance of the wedge, with trading volume steadily increasing, a strong sign that buyers are stepping in with conviction. Rising volume alongside a breakout typically reinforces the validity of the move, suggesting that this isn\u2019t just a short-lived spike but possibly the beginning of a more sustained upward trend<\/a>.\u00a0<\/p>\n

\"Chainlink\"<\/p>\n

He further emphasizes that a confirmed breakout<\/a> followed by a successful retest of the previous resistance as support could trigger a parabolic move for Chainlink. This bullish setup, often seen as a launchpad for accelerated rallies, places LINK on track to target multiple upside levels.\u00a0<\/p>\n

Key resistance points include $15.40 and $17.50, which have historically served as barriers during past price surges. Beyond these are the $20.00, $23.80, and $26.50 price levels. With technical indicators aligning and sentiment shifting, a sustained move above the breakout zone may set the stage for an extended rally<\/a>.<\/p>\n

Downside Potentials<\/h2>\n

While Chainlink\u2019s recent retest of support shows bullish<\/a> promise, it\u2019s crucial to acknowledge the downside risks in case momentum weakens. If the price fails to maintain its current structure, the first level of support lies around $12.50. This level has previously served as a strong demand area, and a breakdown below it might signal the start of a deeper correction.<\/p>\n

Further down, the $11.10 level becomes the next critical point. This area marks a prior consolidation zone and aligns with the lower trendline of the broader ascending channel, making it a vital structure for bulls<\/a> to defend. A breach below this could open the door for a retest of the psychological $9.28 level, where the market may once again attempt to establish a firm base.<\/p>\n

\"Chainlink\"<\/p>","protected":false},"excerpt":{"rendered":"

Chainlink (LINK) is showing renewed promise after a fresh retest of a crucial support level, hinting that the bulls may be gearing up for the next phase of its upward move. The recent bounce off this key support area, previously acting as a barrier, reinforces the idea that the level has now become a strong […]<\/p>\n","protected":false},"author":1,"featured_media":21658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nChainlink Just Retested Key Support \u2013 Here\u2019s Where Price Could Be Headed Next - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/hu\/chainlink-just-retested-key-support-heres-where-price-could-be-headed-next\/\" \/>\n<meta property=\"og:locale\" content=\"hu_HU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink Just Retested Key Support \u2013 Here\u2019s Where Price Could Be Headed Next - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Chainlink (LINK) is showing renewed promise after a fresh retest of a crucial support level, hinting that the bulls may be gearing up for the next phase of its upward move. 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