#Chainlink was still trading around $7 in July this year, then climbed to a high of $15.80 in late September, more than doubling in value. However, the market subsequently weakened, and the price fell nearly 27%. It is currently hovering around $11.50.
Watch two key support levels below: $11.50 is important support at present; if it fails to hold, the next line of defense is $11. If LINK breaks below $11 as well, it could fall further to $10.50 or even $9.50.
There are two resistance levels above: $12.20 and $12.65. Recent rebounds have repeatedly run into resistance, and low trading volume suggests buying pressure remains weak. LINK will have a chance to challenge $13.50 and $15 only if it can reclaim both of these levels.
LINK’s RSI is currently around 38, close to oversold territory, so a rebound is possible—but that doesn’t mean the price will necessarily rise right away.
Watch two key support levels below: $11.50 is important support at present; if it fails to hold, the next line of defense is $11. If LINK breaks below $11 as well, it could fall further to $10.50 or even $9.50.
There are two resistance levels above: $12.20 and $12.65. Recent rebounds have repeatedly run into resistance, and low trading volume suggests buying pressure remains weak. LINK will have a chance to challenge $13.50 and $15 only if it can reclaim both of these levels.
LINK’s RSI is currently around 38, close to oversold territory, so a rebound is possible—but that doesn’t mean the price will necessarily rise right away.