Chainlink’s price is testing critical support at $21, aligned with the 0.618 Fibonacci retracement and moving averages. Holding this region could fuel a bullish rotation toward $26 and $30.
Summary
- Chainlink is approaching critical support at $21, backed by 0.618 Fibonacci and moving averages.
- A reclaim of $26 resistance is required for continuation.
- Upside rotation toward $30 depends on bullish volume influxes.
Chainlink (LINK)is approaching a decisive support level as price action retests $21 on the higher time frame. This level aligns with multiple technical factors, including the 0.618 Fibonacci retracement and key moving averages. Adding to momentum, Chainlink has gained its first corporate treasury client after a real estate firm pivoted to crypto adoption. With market structure still intact, LINK has the potential to sustain its bullish bias and rotate toward higher resistance levels if support holds.
Chainlink price key technical points
- Support at $21: Confluence of 0.618 Fibonacci retracement and moving averages.
- Resistance at $26: Must be reclaimed for continuation toward the swing high at $30.
- Volume Profile Decline: Healthy cooldown, with influxes required on retest to confirm upside move.
The $21 level has emerged as the most critical support in the current structure for Chainlink. This zone has already acted as a strong base in prior consolidations, and its overlap with both the 0.618 Fibonacci retracement and moving averages strengthens its technical significance. The series of higher lows established since the swing low continues to validate a bullish structure on the higher time frame.
For the bullish scenario to remain intact, LINK must not o
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Author: Aziz Zamani
