LINKing Up or Breaking Down: $26.70 to Watch.
2024-12-17
Category: None

Unable to break through $30.93, Chainlink declined to below $28.70. We have to watch the price action around this level.

1. We need to see a strong recovery to above $28.70 support level that could signal a continuation of the bullish momentum, potentially driving LINK to retest $30.93 and move higher toward the next resistance at $34.58. Such a scenario would underscore the presence of strong buying interest (Green Projections).

2. On the downside, a failure to maintain $28.70 could expose LINK to further weakness, with a possible decline toward the critical support at $24.49 in 4-Hour Chart. 

