Chainlink Faces Critical $18 Resistance Zone With Potential Targets Between $23 and $31

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.