Chainlink is retesting a major long-term trendline that has acted as support for nearly two years. Price has pulled back into a high-volume node, suggesting this region is where the market historically agrees on value.
Momentum is starting to stabilize after a heavy corrective phase, and multiple higher-timeframe oscillators are showing early signs of exhaustion from sellers. As long as LINK holds this structural base, the setup favors a potential rebound back into the mid-range.
However, losing this support would open the door to the next volume pocket lower, where liquidity becomes thin and volatility increases.
This is a key moment for LINK: hold the trendline and re-enter the range, or break down and revisit the lower demand zone.
LINKUSDT
Perp
14.33
-2.74%