Chainlink is currently respecting a well-established ascending support trendline, which has held firm for several years. The price has recently bounced off this trendline once again, indicating strong buyer interest at this dynamic support level.
The Stochastic RSI is coming out of the oversold region, suggesting a potential bullish reversal is in play.
If this momentum continues, the next key area to watch is the resistance zone near the $30–$35 range. A clean break above this zone could signal a strong continuation of the long-term uptrend.
However, if the trendline breaks, LINK may revisit the key horizontal support zone around $5–$6
The Stochastic RSI is coming out of the oversold region, suggesting a potential bullish reversal is in play.
If this momentum continues, the next key area to watch is the resistance zone near the $30–$35 range. A clean break above this zone could signal a strong continuation of the long-term uptrend.
However, if the trendline breaks, LINK may revisit the key horizontal support zone around $5–$6
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.