Chainlink (LINK) is in a bit of a tricky spot right now. It’s holding above a key support level on the two-day chart, but it’s been facing some challenges. Despite the pullback, it’s still above the $15.90 level, and although the chart has had a sharp correction, nothing major has broken down. However, the bearish scenario suggests that Chainlink might continue to pull back, possibly even testing lower levels like the $15 mark again before it could potentially bounce.

Bitcoin’s price fell following news of US President Donald Trump’s trade tariffs, which raised concerns about possible retaliation and a trade war. Meanwhile, Chainlink started the week with a price drop, driven by the bearish sentiment caused by the tariffs. Although LINK shows potential for a rebound, its price has been relatively stagnant in recent days.

Crypto analyst Ali Martinez wrote on X (Formerly Twitter), “The most critical resistance zone for #Chainlink $LINK to break is $23.78. A breakout above this level could pave the way for a new bull rally!”

What to Watch For: 

Chainlink could still make a push up to levels above $30, but it needs to hold above its current support levels to make that happen. If it breaks below this week’s low, it could send the price back into a lower range, possibly retesting the August lows.

Short-Term Focus: 

On the shorter time frame, the price is trying to start moving up. It’s showing signs of support around $17.50 and could potentially break above the $19.85 level to gain some upward momentum. If it breaks higher, watch for targets around $21–$22.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed