Chainlink (LINK) is currently testing a critical $18 resistance level, a decisive point that could dictate its near-term price trajectory.
Should LINK break above this threshold, it may target higher resistance levels at $23.34, $26.86, and potentially $31.33, signaling renewed bullish momentum.
According to CryptoPulse, maintaining above $18 is essential for bulls to sustain upward momentum, while failure to do so could lead to a pullback toward $13–$15 support zones.
Chainlink faces a pivotal $18 resistance; a breakout could drive LINK to $31, while failure risks a pullback to $13–$15. Key levels and market volume analyzed.
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At the time of writing, Chainlink (LINK) trades just below the significant resistance mark of $18. This price point represents a critical battleground where bullish and bearish forces converge. Recent price action shows upper wicks on the 3-day chart, indicating hesitation and potential selling pressure near this level. A decisive close above $18, supported by strong volume, would confirm a breakout and likely trigger a continuation of the uptrend.
Technical analysis highlights key Fibonacci extension targets at $23.34 (0.618 Fib) and $26.86 (0.786 Fib), which could serve as intermediate resistance points. These levels are closely watched by traders aiming to capitalize on momentum shifts in the short to medium term.
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Source: https://en.coinotag.com/chainlink-faces-critical-18-resistance-zone-with-potential-targets-between-23-and-31/