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Chainlink LINK Bulls Face Critical $28 Support Test as Price Hovers Near $23
Chainlink LINK Bulls Face Critical $28 Support Test as Price Hovers Near $23
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Chainlink LINK News -
Chainlink (LINK) traders are navigating a pivotal moment as the token struggles to reclaim the $28 support level, a threshold that analyst Ali Martinez warns could determine its near-term trajectory. Currently trading around $22.96, LINK remains caught between mid-$20 resistance and the risk of a deeper correction toward $16 if bullish momentum falters.
Martinez's technical analysis highlights the fragility of LINK's recovery, with failure to consolidate above $28 potentially triggering accelerated selling. Yet market optimists see a path to $30 if accumulation trends and shrinking exchange reserves sustain the recent rally.
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