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Technical indicators suggest that the next major support levels for LINK are at $10 and $7.50. Market sentiment remains subdued, with a decrease in trading volume by 17%, indicating a Chainlink (LINK) has entered a corrective phase after a strong rejection from the $17.50 resistance zone, prompting renewed speculation about a potential decline to Michaël van de Poppe predicts a massive upside for Chainlink, with a potential trend switch above critical resistance. LINK’s holdings grew by $5 billion in 2025 Potential Breakout Zone: $LINK is consolidating between $17-$20, with analysts predicting a move past $21 if support holds. Strong Development Activity: Chainlink Hace 14 horas In this scenario, LINK could see a price dip of another 18% until it reaches the next support at the $10.40 level. Major liquidation levels: Short positions are in focus At press The much anticipated CCIP triggered a massive impulse in Chainlink and our wave counts are looking exceedingly well! The next big milestone will be breaking Chainlink has been forming a bull pennant since hitting its December high and failed to break above the upper trendline earlier this month. However, today’s jump sent LINK’s price past the

Chainlink's Next Stop: $10? Analyzing LINK's Price Trajectory

Is Chainlink (LINK) poised for a significant price correction? After facing strong rejection at the $17.50 resistance zone, speculation is rife about a potential decline. Technical indicators suggest that the next major support levels for LINK are at $10 and $7.50. This raises the crucial question: Is Chainlink's next stop at $10?

Potential Downside Risks: In this scenario, LINK could see a price dip of another 18% until it reaches the next support at the $10.40 level. Market sentiment remains subdued, with a decrease in trading volume by 17%, indicating that Chainlink (LINK) has entered a corrective phase. The currency is also forming a bull pennant since hitting its December high and failed to break above the upper trendline earlier this month. However, today’s jump sent LINK’s price past the...

The Bullish Counter-Argument: Not all analysts predict doom and gloom. Michaël van de Poppe predicts a massive upside for Chainlink, with a potential trend switch above critical resistance. Potential Breakout Zone: $LINK is consolidating between $17-$20, with analysts predicting a move past $21 if support holds.

Key Factors Influencing LINK's Price: Several factors could influence Chainlink's price movement in the coming weeks. The much anticipated CCIP triggered a massive impulse in Chainlink and our wave counts are looking exceedingly well! The next big milestone will be breaking... Short positions are in focus At press. Moreover, LINK’s holdings grew by $5 billion in 2025. Also, Chainlink is exhibiting strong development activity Hace 14 horas.

Analyzing Support and Resistance Levels: Understanding key support and resistance levels is crucial for traders. As mentioned earlier, technical indicators point to $10 and $7.50 as potential support levels. However, if LINK can maintain its current momentum, breaking through the $21 resistance could pave the way for further gains.

Conclusion: While a potential decline to the $10 range remains a possibility based on current market sentiment and technical analysis, the long-term outlook for Chainlink remains positive, driven by strong development activity, key milestone achievements such as CCIP and growing holdings. Investors should closely monitor market movements and assess their risk tolerance before making any investment decisions. Major liquidation levels are being closely monitored to assess the overall sentiment regarding shorting Chainlink.

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