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

XRP doseže nove vrhunce — Rani investitori sada se okreću Token6900

XRP Price Is Ready To Break Out, But You Should Watch Out For $3.13

The XRP price is drawing attention this week as traders watch for signs of a potential upward move. Market analyst...

Sandra White 6 hours ago
Best Crypto to Buy as US Promises an End to Crypto Debanking, Belarus Adopts Crypto

Crypto’s Turning Point? US Promises to End Crypto Debanking, Belarus Embraces Decentralization

Even as the Trump administration vigorously works to fulfill its promise to end crypto debanking, another country rediscovers one of...

Aaron Walker 8 hours ago
Bitcoin

Bitcoin Miners Are Changing The Status Quo As BTC Price Hits $114,000, Here’s What They’re Doing

Bitcoin miners are shifting strategies as the BTC price rebounds back above $114,000 after declining from all-time highs. Instead of...

Scott Matherson 8 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

mantle mnt mtn

Mantle Becomes Top Gainer as Bybit Deal Pushes MNT to ATH: Can the Rally Last?

James Halver 1 hour ago
Ripple

Ripple Carries Out Massive RLUSD Burns, What’s Going On?

Scott Matherson 2 hours ago
XRP

Pundit Reveals What XRP Price Will Be If Ethereum Hits $25,000

Scott Matherson 5 hours ago

Premium Sponsors

Press Releases

  • イーサリアム...

    4 hours ago
  • ビットコイン...

    4 hours ago
  • 200日移動平均線への挑戦、市場のセンチメントを探る

    シバコイン...

    4 hours ago
  • ドージコイン 今後の展望:DOGE ETF開始を前に高まる期待

    ドージコイン 今後の展望:DOGE...

    9 hours ago
  • リップル 今後の展望:電気自動車メーカーがXRPステーブルコインを採用、次世代決済網への布石か

    リップル...

    9 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.