Analyzing the weekly time frame chart for Chainlink (LINK/USDT) showed significant resistance and support levels that are critical for determining future price movements.
Currently, Chainlink price is hovering around $15.22, with a potential drop anticipated to the key support level at $13.27 in the coming sessions.
Historically, this level has acted as a strong psychological barrier where previous rebounds have occurred, suggesting a possible price stabilization and subsequent bounce could happen if this level is tested again.
LINK/USDT weekly chart | Source: Trading View
If Chainlink (LINK) manages to hold at $13.27, we could witness a rebound towards the next significant resistance level at $19.40, mirroring previous recovery patterns observed in 2024 when prices surged after testing similar lows.
Conversely, if the $13.27 support breaks, a further decline towards the $9.50 zone might be inevitable, potentially setting new lows for future consolidations.
This scenario
We współpracy z: https://www.thecoinrepublic.com/2025/02/25/why-chainlink-could-drop-to-13-despite-developer-activity-surge/
