NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma

Chainlink Forms Strong Base of Support as Analysts Eye Move to All-Time Highs

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Chainlink has been forming what appears to be a strong base of support within the mid-$13.00 region, as each dip here has resulted in it seeing a strong rebound.

This is leading analysts to note that upside may be imminent, as the multiple strong reactions to this level throughout the past several days is a positive development for the cryptocurrency’s short-term technical strength.

One trader is noting that LINK does still face heavy resistance around $16.00, which may result in it forming a trading range between roughly $14 and $16 in the days and weeks ahead.

Another trader is offering a more optimistic outlook on the cryptocurrency, explaining that although it does face some resistance, he expects the strong support just below its current price to act as a launchpad that sends Chainlink up towards $19.00.

This would allow it to erase nearly all of the losses that have come about as a result of its recent weakness.

In order for this possibility to come to fruition, LINK must continue holding above $13.50.

Chainlink Starts Forming Trading Range as Bulls Defend Mid-$13.00 Region 

At the time of writing, Chainlink is trading up nearly 4% at its current price of $14.60. This is around the price at which it has been trading throughout the past few days.

It has dipped as low as $13.50 on a few occasions throughout the past week, but each break below $14.00 has proven to be highly fleeting and followed by an immediate rebound.

This is leading one analyst to note that a trading range may be forming, with the support being the lower boundary and Chainlink’s near-term resistance at $16.00 being the upper boundary.

“$16 was a clear resistance zone as discussed a few days ago. Looking for a scenario like this as we’re constructing a range here,” he said while pointing to the range marked on the below chart.

Chainlink LINK

Image Courtesy of Crypto Michaël. Chart via TradingView.

Here’s How High LINK May Rally if Bulls Defend $13.50

Another analyst explained that he could see Chainlink pushing up towards $19.00 in the near-term, but this strength would be invalidated if it breaks below $13.50.

“If we lose the low at $13.50 before taking the first swing high denoted with the ‘X’, it’s likely we are going to see one more leg down as a ‘wash out’ before we get this leg up I was anticipating. Consider $13.50 the invalidation point for this idea (in the short term),” he explained.

Image Courtesy of Credible Crypto. Chart via TradingView.

As seen in the above chart, the upside target this analyst is watching for exists in the $19.00 region, which – if it were to be reached – would mark a nearly full erasure of Chainlink’s recent losses.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Crypto

Elliott Management Warns Of ‘Inevitable Crypto Collapse’ Linked To White House Support

Elliott Management, the activist investment firm led by Paul Singer, has raised concerns regarding the cryptocurrency market, suggesting that it...

Ronaldo Marquez 2 hours ago
Dogecoin

Dogecoin To $0.50? This Channel Break Could Be The Catalyst

An analyst has pointed out how Dogecoin could see a rally to $0.50, if the upper boundary of this technical...

Keshav Verma 3 hours ago
Solana (SOL) Pushes Higher

Solana (SOL) Pushes Higher – Is More Upside Still Ahead?

Solana started a fresh increase above the $220 zone. SOL price is now consolidating above $215 and might aim for...

Aayush Jindal 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Avalanche AVAX news

Avalanche Foundation Plans $1 Billion Treasury Deals—Can AVAX Take Off?

Jake Simmons 48 minutes ago
Bitcoin Hyper Presale Explodes with $15M Raise as SEC’s Atkins Unveils Pro-Market Crypto Revolution!

Bitcoin Hyper Presale Explodes with $15M Raise as SEC’s Atkins Unveils Pro-Market Crypto Revolution!

Aaron Walker 1 hour ago
Prečo tento nový altcoin v tichosti prekonáva Ripple (XRP) v roku 2025

XRP Price Completes Wave 3 Move, Why $3.13 Must Be Broken

Scott Matherson 1 hour ago

Premium Sponsors

Press Releases

  • Vì sao các Meme coin tiềm năng đang vượt mặt...

    29 minutes ago
  • Promising potential coins

    Các đồng coin tiềm năng để mua ngay khi Chỉ...

    38 minutes ago
  • Nhà giao dịch PEPE Chuyển Hướng Sang Alt Coin

    Altcoin tốt nhất để mua khi Ethereum rút khỏi...

    47 minutes ago
  • Přeměna 750 USD na 1 500 000 USD: v roce 2021 to byl...

    54 minutes ago
  • Transformă 300 $ în 30.000 $ cu aceste 3 monede care

    Transformă 300 $ în 30.000 $ cu aceste 3 monede care vor...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.