- LINK’s up 30% in two weeks, now approaching major resistance at $17.50.
- Support has flipped at $14.00; deeper fallback zones are at $12.30 and $11.00.
- A breakout above $17.50 could send LINK toward $19.50–$20; rejection means more sideways action.
Chainlink (LINK) is starting to warm up again—and fast. It’s been grinding higher and is now inching toward a key resistance that’s slapped it down more than once in the past few months. This time, though, traders are hoping for a different ending.
Crypto analyst Ali Martinez posted a chart on X (yep, formerly Twitter) showing LINK sitting around $15.60, with $17.50 standing out like a big flashing sign overhead. That’s the next serious test, and if it breaks? Things could get real interesting.
LINK’s 30% Climb Puts Resistance in Sight
Over the past couple weeks, LINK’s made a decent run—up roughly 30% from its July low near $12. Daily candles are showing higher highs and higher lows, which usually means buyers are slowly taking the wheel. It’s not explosive, but it’s methodical—and that can be just as powerful.
So now, all eyes are on $17.50. That level’s held the line before—back in March, again in May. If LINK can finally punch through, it breaks out of a range it’s been trapped in for three whole months. The next big levels above that? Around $19.50, maybe $20 if momentum keeps building.
Support Holding Up—for Now
Right now, LINK’s hovering above $14, a zone that used to be resistance and recently flipped into support. That flip came with four strong green candles in a row, which—if you’re into price action—is usually a pretty bullish sign. It shows people were buying with some conviction.
Below that, there’s another important support pocket between $12.30 and $12.70. That area caught a bunch of dips earlier this year. If price starts pulling back hard, that zone could get revisited.
What Happens If Price Slips?
If things start to cool off and LINK pulls back, the $14.00–$13.90 zone becomes the one to watch. Ideally, bulls will want to see a fast bounce from there—something snappy. If that fails and price keeps sliding, $12.30 comes back into play.
And if it really breaks down? The $10.80–$11.10 zone is the last safety net. That’s where LINK bottomed out back in spring. Lose that, and the whole bullish structure probably falls apart—at least short term.
Eyes on $17.50—Make or Break
For now, the setup’s pretty straightforward. LINK is approaching $17.50 again. Break that level, and it could spark a run to new local highs. But if the rally stalls out there one more time? Then it might be back to the chop zone for a bit longer.
