Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Chainlink Blockchain at $14 Support – Will LINK Surge 35% or Crash Below $13?

3d ago
bullish:

0

bearish:

0

Share

At the important zone deciding its next big move, Chainlink Blockchain has been floating about the $14 support line. If LINK closes quite above this range every month, experts project a 35% increase in response. Conversely, failure to keep this support could result in a more downward spiral. Traders with a market capitalization of $8.89 billion and growing volatility are carefully monitoring major resistance and support areas to determine the token’s short-term price trajectory. 

LINK’s price action has been volatile; current motions are testing the $14.18 level of support. Historically, Chainlink blockchain’s values have changed dramatically as it neared important technical areas. On the weekly timeframe, a bullish engulfing pattern implies strong momentum that favours buyers and raises the likelihood of a possible upward movement. Right now, LINK is trading between $14.00 support and $15.50 resistance. If buying force rises and LINK resets to $15.50, it may drive toward the next resistance at $19.59. 

With $21.55 as the following big objective, a 35% surge could be spurred by a break above this level. Failing to maintain above $14.00 would instead cause a descent toward $13.50 or below. With a possible peak of $14.68, analysts project that LINK will not drop below $14.24 in March 2025. Estimates place the mean trade value at $15.26. All attention is on whether Chainlink blockchain could keep important support and set off a bullish breakout as it approaches monthly closure. Let’s take a look at the  Link price prediction for the coming sessions.

Still, bearish pressure is clear from the LINK/USDT chart, with the price testing the important $14.00 support level. $15.40 and $15.80 resistance levels persist and need to be recovered for every bullish turnaround. At present, the LINK token changes hands at $13.96, which shows a 0.71% drop. Approaching the oversold zone, the RSI is 32.96. This means that the selling momentum might be slowing off. The MACD line hovers below the signal line, therefore showing ongoing downward pressure; the MACD indicator is still somewhat bearish.

Chart 1: Analysed by vallijat007, published on TradingView, March 29, 2025

A revival to $15.40 is feasible if LINK holds above $14.00 and RSI bounces from the oversold area. Should a breakout above $15.80 cause one, it could be much stronger. Still, letting support at $14.00 slip could result in more drops toward $13.80 or less. As possible signals of a trend reversal, traders should closely monitor RSI movement and MACD crossovers. LINK’s next several trading sessions will be much needed to help it get back its bullish impetus.

Its next action will depend on whether Chainlink blockchain can keep the $14.00 support level. Confirming a bullish trend, the LINK token could recover $15.40 and advance to $15.80 in case buying pressure rises. A breakout above $15.80 might cause a 35% rally aimed at $19.59. On the other hand, not keeping support could cause a fall to $13.80 or below. RSI and MACD indicators ought to be followed by traders very meticulously. LINK’s short-term price trajectory will be determined by the next few weeks.

The post Chainlink Blockchain at $14 Support – Will LINK Surge 35% or Crash Below $13? appeared first on Coinfomania.

3d ago
bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.