Chainlink’s (LINK) price action has entered a critical phase that bears remarkable similarities to patterns observed in 2021, according to crypto analyst Rekt Capital.
After consolidating within a “Macro Triangular market structure” for most of 2024, LINK broke out to levels above $25 before entering a downtrend that has pushed the price back inside the pattern.
The current price movement is what the analyst describes as a “volatile post-breakout retest.” As per the data, LINK created a “downside deviation” into a historical demand area.
Crucial Chainlink support level must hold to enable recovery
The key factor deciding Chainlink’s next major move appears to be its ability to maintain support at the current demand zone highlighted by Rekt Capital.
This historical demand area around $14.34 has previously served as a foundation for price recovery.
This was notably seen during the mid-2021 period when LINK produced downside wicks into this region before rec
We współpracy z: https://www.thecoinrepublic.com/2025/03/30/chainlink-price-action-mirrors-2021-pattern-whats-next-for-link/
