Chainlink Faces Critical $18 Resistance Zone With Potential Targets Between $23 and $31
2025-07-20 20:38:39
Main Idea
Chainlink (LINK) is currently facing a critical resistance level at $18, with potential upside targets up to $31.33 if broken, or a pullback to $13–$15 if it fails.
Key Points
1. Chainlink (LINK) is trading just below the $18 resistance level, which is a crucial technical barrier.
2. A decisive close above $18 could drive LINK to Fibonacci extension targets at $23.34 and $26.86, with a macro resistance near $31.33.
3. Failure to break $18 may result in a retracement to support zones between $15.50 and $15.80, with further downside risk to $13–$14.
4. LINK has shown resilience with a 17% weekly gain, supported by strong trading volume exceeding $946 million.
5. Market sentiment and volume are key indicators for LINK's next move, with the $18 level being a defining moment for its short-term outlook.
Description
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