ATH🤮

Chainlink turns resistance into support – will it reach ATH next?

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Yesterday, the crypto market ushered in a recovery, and the prices of multiple assets rebounded sharply. Chainlink (LINK) performed well, rising by more than 15% in 24 hours. Analyst Jelle pointed out that LINK successfully turned key resistance into support, which usually indicates that the price is about to rise sharply, preparing for future breakthroughs.

Recently, after Chainlink pulled back from the high of $30 on December 13, the market showed signs of recovery, and analysts believe that this may be the starting point of a large-scale rebound. If LINK continues to maintain its strength, the price action in the next few days will determine whether it can break through the current supply zone and further hit new highs.

Currently, LINK is trading at $22.55 and is testing the key supply zone. If the price stabilizes above the 200EMA ($22.27) and breaks through $24, it may trigger a large-scale rise and open the door to higher prices. But if it fails to hold the support, it may face another pullback.

As the market recovers, Chainlink's potential is widely optimistic. Investors need to pay close attention to these technical key points and seize possible opportunities.

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