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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Chainlink Could Soon Rally Higher as Bulls Defend Key Trendline

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 seen some mixed price action over the past few days, with buyers and sellers both struggling to gain control of its mid-term trend as its price hovers within the mid-$12.00 region.

This has long-been a consolidation channel for the cryptocurrency, with the resistance at $13.00 often proving to be too much for the token to handle. It did try to break above this level just a few days ago but was met with some intense resistance that instantly caused its price to plunge.

One trader is now noting that a move down towards the lower-$12.00 region could occur in the near-term, as this is where the lower boundary of its cloud formation currently sits.

Furthermore, this is also around the level where a descending trendline sits, which was just broken above during LINK’s latest push higher.

If it can continue holding above this level, the cryptocurrency could be well-positioned to see significantly further near-term upside.

For this to take place, bulls must remain in control of Bitcoin and the rest of the crypto market. Any sustained dip seen across BTC and ETH will likely lead major altcoins like Chainlink lower as well.

Chainlink Struggles to Gain Momentum as $13.00 Resistance Holds

The entire crypto market is currently caught within a consolidation phase, with Bitcoin trading just above $19,000 as Ethereum hovers below $600.

This has caused Chainlink also to see some sideways trading, currently trading down a few percent at its current price of $12.50.

Where it trends in the mid-term will likely depend on whether or not it can break above $13.00 anytime soon. A break above this level could spark a buying frenzy that sends it rocketing higher.

Trader Claims LINK is Safe from Downside So Long as Bulls Defend Key Level

One trader explained in a recent tweet that Chainlink could be well-positioned to rocket higher so long as bulls continue defending against a break below a trendline.

He notes that a continued bout of trading above this recently surmounted trendline could indicate that serious upside is imminent in the mid-term.

“The marines are in for a treat as long as the price remains above resistance. (Invalidation below it).”

Chainlink LINK

Image Courtesy of Teddy. Source: LINKUSD on TradingView.

The coming days should shine a light on the cryptocurrency’s reaction to this key level. A further rejection at $13.00, or a break below this trendline, could result in Chainlink seeing some serious 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

Chainlink

Chainlink (LINK) On Standby: Bitcoin’s Next Move Holds The Key

Chainlink (LINK) ended its latest session in a holding pattern, with indecisive candles and choppy intraday action pointing to a...

Godspower Owie 1 week ago
Chainlink

Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’

On-chain data shows new investors have been coming into Chainlink (LINK) as the MVRV Ratio signals a potential long-term opportunity...

Keshav Verma 1 week ago
Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge

Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge

Chainlink (LINK) is up 21% from its Sunday lows, gaining momentum in an otherwise uncertain macro and geopolitical environment. While...

Sebastian Villafuerte 1 week 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

Chainlink price

Chainlink Price Continues To Struggle Below $15 — Levels To Watch

Opeyemi Sule 14 hours ago
Whales Are Loading Up on Chainlink (LINK), But Retail Investors Are Still Missing the Signal

Whales Are Loading Up on Chainlink (LINK), But Retail Investors Are Still Missing the Signal

Samuel Edyme 22 hours ago
Chainlink Consolidates Above Key Support – Bulls Eye $20 Range

Chainlink Consolidates Above Key Support – Bulls Eye $20 Range

Sebastian Villafuerte 1 day ago

Premium Sponsors

Press Releases

  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    6 hours ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    10 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    10 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    17 hours ago
  • $AIN Expands to 7 DEXs as AI Network Activates Omnichain AI...

    17 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.