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BTCC / BTCC Square / Global Cryptocurrency /
Chainlink (LINK) Holds Steady in Uptrend Channel Despite $16 Resistance Test

Chainlink (LINK) Holds Steady in Uptrend Channel Despite $16 Resistance Test

Author:
Global Cryptocurrency
Published:
2025-05-24 10:02:15
18
2
Chainlink LINK News -

Chainlink (LINK) maintains its position within a consistent ascending channel, showing resilience after facing rejection at $16.24. The cryptocurrency is currently trading above crucial support at $15.67, with a 0.46% increase over the past 24 hours bringing its price to $15.81.

Technical indicators point to weakening momentum, as RSI and MACD signals suggest potential short-term consolidation. A rebound from the $15.42–$15.67 support range could drive another attempt to break through the $17 resistance level. While the mid-term outlook stays bullish, traders should remain cautious of possible pullbacks.

|Square

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