$LINK Technical Analysis

Bulls are attempting to halt Chainlink's (LINK) decline in the support zone between $11.61 and $10.94.

The expected recovery will encounter resistance at the 50-day SMA ($13.99). If Chainlink's price reverses from the 50-day SMA, the $10.94 support zone could face significant pressure. If this level is breached, the LINK/USDT pair could plummet to the October 10th low of $7.90.

Conversely, if the price breaks and closes above $15, it indicates that the bulls are fiercely defending the $10.94 support zone. This would open the door for a rally to $16.80 and then $19, bringing the broad trading range from $10.94 to $27 back into focus.

LINKUSDT

Prep

12.49

+2.00%