BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Chainlink (LINK) May See Short-Term Pullback to $20 Before Next Rally
Chainlink (LINK) May See Short-Term Pullback to $20 Before Next Rally
20
3
Chainlink LINK News -
Chainlink (LINK) is facing resistance at the mid-channel level of $27, leading analysts to predict a potential short-term correction. The token, currently priced at $24.55 after a 9% daily increase, could retreat to the $20 support level before attempting another breakout. This consolidation phase might set the stage for a future push toward the upper range of $46.
Technical indicators show weakening momentum, with the Relative Strength Index (RSI) dropping from 68 to 60 this week. The $20 mark is now a critical support level—if broken, LINK could test $17. However, a rebound above $27 WOULD signal renewed bullish momentum and potential for higher highs.
By:
