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COINTURK NEWS > Chainlink (LINK) > Chainlink Price Holds Strong: What Lies Ahead for LINK Traders?
Chainlink (LINK)

Chainlink Price Holds Strong: What Lies Ahead for LINK Traders?

In Brief

  • Chainlink maintains a price above $12, attracting trader interest.

  • Key resistance and support levels could influence LINK's trading dynamics.

  • Market sentiment shows a neutral to slightly positive trend among LINK holders.

İlayda Peker
İlayda Peker 3 weeks ago
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The price of Chainlink $15 (LINK) has managed to stay above $12, rekindling interest among traders. Experts have pointed out the presence of both technical and psychological resistance levels that LINK must navigate. Daily chart formations and market sentiment indicate potential upward movement. If LINK surpasses the $14.58 mark in the short term, it might transition into a broader price range.

Contents
Key Technical Levels and Expert WarningsPossible Targets Based on Chart PatternsTrader Behavior and Price Dynamics

Key Technical Levels and Expert Warnings

Crypto analyst Ali Martinez highlighted that the most significant support level for LINK is $12.28. Staying below this threshold could increase the risk of a downturn. Conversely, the $14.58 level is identified as a critical resistance point, and breaking through it could strengthen upward momentum. A recovery following the testing of the support zone is seen as a positive technical signal.

Another market expert, CRYPTOWZRD, noted that LINK’s daily outlook remains unclear. Movements around the $12.50 mark could prove decisive, as LINK is heavily influenced by overall market sentiment and Bitcoin $101,281‘s trajectory. Therefore, traders must pay attention not only to technical levels but also to broader market trend shifts.

Possible Targets Based on Chart Patterns

Another intriguing detail in the analysis is LINK’s resemblance to a descending wedge pattern. This setup suggests that the price may encounter resistance at $16; however, if this level is broken upwards, there is potential for the price to reach $26. Some experts argue that LINK’s price may struggle to surpass $15.24 within 2025.

In short-term technical analyses, a breakout above $13.20 may open new opportunities, especially concerning daily trading volumes. Conversely, a decline below $11.80 could indicate a retest of previous support levels, potentially increasing short-term market volatility.

Trader Behavior and Price Dynamics

On-chain data reveals that approximately 53% of LINK holders are keeping their assets above their purchase prices. This suggests that the overall market sentiment hovers between neutral and slightly positive. Additionally, the percentage of profitable positions stands around 44.6%, which could influence the decisions of traders operating around the $12.47 and $14.19 levels.

Current data shows Chainlink trading at approximately $12.81. While experiencing a 1.46% weekly increase, monthly data indicates a drop of over 30%. This volatile scenario emphasizes the need for technical analyses to be evaluated alongside fundamental data.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 19 April, 2025 - 12:40 pm 19 April, 2025 - 12:40 pm
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