Chainlink (LINK/USD) remains in a strong downtrend after failing to break above key resistance at $14.45.
Selling pressure continues to dominate, increasing the likelihood of a drop toward $11.582, a major support key-level. Read on for a full technical breakdown.
Chainlink (LINK) continues to struggle under heavy bearish pressure, failing to reclaim the $14.45 resistance level. The rejection at this key level confirms the weakness in buying momentum, reinforcing the broader bearish structure. As of today [20.03.25], Chainlink is trading at $14.18, maintaining a bearish trajectory as sellers push prices lower.
The immediate focus is on $11.582, the next key local support, which represents an important short-term profit target. A decisive break below this level will likely accelerate downside moves all the way toward $6.35, marking the previouse major low point from August 2024.
Chainlink’s Vision & Market Position
Despite the current bearish momentum, Chainlink remains one of the most influential blockchain projects, providing decentralized oracles that enhance smart contract functionality. Its role in enabling secure, real-world data feeds for blockchain applications remains a fundamental strength. However, short-term market sentiment continues to weigh heavily against LINK, increasing the probability of an extended corrective move before any potential recovery.
Bearish Catalysts & Technical Breakdown
Failure to Break Key Resistance: The rejection at $14.45 highlights weak buying momentum and reinforces the downside bias.
Sustained Bearish Momentum: The price structure remains firmly bearish, with lower highs and lower lows signaling continued selling pressure.
Break Below Local Support Imminent: If LINK fails to hold above $14.45, a rapid move toward $11.582 becomes highly probable.
Extended Bearish Cycle in Play: Broader market sentiment suggests that Chainlink could remain under pressure unless buyers reclaim control above $14.45.
Key Price Levels to Watch
Major Resistance: $14.45
Current Price: $14.18
Local Support & Profit Target: $11.582
Major Bearish Target: $11.582
Stop-Loss Consideration: Above $16.037
Conclusion
Chainlink’s failure to reclaim $14.45 signals a continuation of the current bearish trend, with $11.582 and even $6.35 as the next downside targets. Unless LINK can stage a significant recovery and break key resistance, sellers remain in control. Traders should monitor price action closely, particularly around $14.45, as a breakdown below this level will likely confirm further downside movement.
Selling pressure continues to dominate, increasing the likelihood of a drop toward $11.582, a major support key-level. Read on for a full technical breakdown.
Chainlink (LINK) continues to struggle under heavy bearish pressure, failing to reclaim the $14.45 resistance level. The rejection at this key level confirms the weakness in buying momentum, reinforcing the broader bearish structure. As of today [20.03.25], Chainlink is trading at $14.18, maintaining a bearish trajectory as sellers push prices lower.
The immediate focus is on $11.582, the next key local support, which represents an important short-term profit target. A decisive break below this level will likely accelerate downside moves all the way toward $6.35, marking the previouse major low point from August 2024.
Chainlink’s Vision & Market Position
Despite the current bearish momentum, Chainlink remains one of the most influential blockchain projects, providing decentralized oracles that enhance smart contract functionality. Its role in enabling secure, real-world data feeds for blockchain applications remains a fundamental strength. However, short-term market sentiment continues to weigh heavily against LINK, increasing the probability of an extended corrective move before any potential recovery.
Bearish Catalysts & Technical Breakdown
Failure to Break Key Resistance: The rejection at $14.45 highlights weak buying momentum and reinforces the downside bias.
Sustained Bearish Momentum: The price structure remains firmly bearish, with lower highs and lower lows signaling continued selling pressure.
Break Below Local Support Imminent: If LINK fails to hold above $14.45, a rapid move toward $11.582 becomes highly probable.
Extended Bearish Cycle in Play: Broader market sentiment suggests that Chainlink could remain under pressure unless buyers reclaim control above $14.45.
Key Price Levels to Watch
Major Resistance: $14.45
Current Price: $14.18
Local Support & Profit Target: $11.582
Major Bearish Target: $11.582
Stop-Loss Consideration: Above $16.037
Conclusion
Chainlink’s failure to reclaim $14.45 signals a continuation of the current bearish trend, with $11.582 and even $6.35 as the next downside targets. Unless LINK can stage a significant recovery and break key resistance, sellers remain in control. Traders should monitor price action closely, particularly around $14.45, as a breakdown below this level will likely confirm further downside movement.
交易進行
Hitting primary profit target at $11.582! Case closed!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。