Chainlink (LINK) Price at Make-or-Break Moment: Will Support Hold Before the Next Move? Analyst Weighs In
Chainlink is at a turning point right now. Traders are watching to see if it can stay above an important support level before moving again. The price has been climbing steadily over time, moving up and down within clear boundaries.
Crypto analyst AMCryptoAlex posted on X about LINK’s current setup, predicting a retest of the $10–$11 level before a bottom forms. Despite this short-term dip, the analyst remains bullish, suggesting that LINK’s price could still be on track to hit $100 this cycle. But for now, all eyes are on whether support will hold or if there’s more downside ahead.
Chainlink Key Support and Resistance Levels
Looking at the chart, Chainlink has been moving inside an ascending channel for quite some time. The lower trendline acts as strong support, meaning the price has historically bounced off this level before moving higher. On the flip side, the upper trendline has been a resistance zone, where LINK’s price tends to pull back after big rallies.
Recently, the price hit $28–$30 before taking a sharp dive back toward support. Now, LINK’s price is hovering near the $10–$11 area, a level that aligns with both past price action and the lower boundary of the channel. If buyers step in here, we could see a reversal to the upside. But if this level fails, things could get tricky.
LINK Short-Term Projections and Market Sentiment
At the moment, LINK is showing some signs of recovery, with buyers stepping in near support. If it manages to hold this level, there’s potential for a move back toward $25–$30 in the coming weeks.
However, if Chainlink’s price breaks below $10, it could mean a deeper correction before another rally. So far, though, market sentiment remains positive, with many traders still eyeing much higher targets in the long run.
Read Also: Polkadot Nears Strong Support, Ready to Bounce: How High Can DOT Price Surge?
What’s Next for LINK?
Despite the short-term uncertainty, LINK’s bigger picture still looks bullish. It has bounced off this trendline multiple times before, and if history repeats itself, it could be setting up for a strong move upward.
For now, it all comes down to whether the price of LINK can stay above $10–$11. If it does, the next stop could be $25–$30—and beyond that, some analysts still believe it could hit $100 this cycle. But if support gives way, a deeper correction might be in store before the next major leg up.
Either way, this is a moment worth watching for Chainlink holders.
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