Chainlink battles the $18 resistance zone; a breakout could launch LINK toward $23.34, $26.86, and possibly $31.33 in the near term.
Failure to reclaim $18 may trigger a pullback to the $15.50–$15.80 zone, with deeper downside risk toward the $13–$14 region.
LINK has gained over 17% in the past week, showing bullish strength despite a 3.36% daily dip and strong resistance rejection wicks.
Chainlink (LINK) is at a crossroads at a very critical resistance area of circa USD $18, with the bulls having the upper hand at this point. The situation in the price action is ambiguous since the sellers have entered the stage. The coming days will determine if LINK surges toward higher targets or retreats lower.
A recent tweet by CryptoPulse highlights a key technical setup in the $LINK/USDT chart. The tweet notes that Chainlink is testing a pivotal resistance level around $18. Bulls must flip and hold this zone to unlock major upside targets.
https://twitter.com/CryptoPulse_CRU/status/1946395364388380917
$18 Resistance Zone: The Pivotal Battleground
LINK was trading at $17.90 as of writing, just beneath the major resistance level at $18. This zone acts as a decisive battleground for bulls and bears.The 3-day chart reveals that price surged into this resistance but began showing upper wicks. These wicks signal potential selling pressure or hesitation from buyers.
If buyers succeed in reclaiming and closing above $18 with strength and volume, bullish continuation becomes likely. Besides, a confirmed breakout may push LINK toward key Fibonacci extension levels. These include $23.34 at the 0.618 Fib and $26.86 at the 0.786 Fib. Both of these levels represent areas of interest to the trader and could induce new bullish pressure in the short to the medium-term.
Bullish Targets vs Bearish Risk
If LINK holds above $18, it opens a path toward $31.33. This is a macro resistance level and also a psychological threshold. However, failure to reclaim $18 could bring a swift retracement. Support lies between $15.50 and $15.80 — a prior consolidation zone.
If LINK loses this support, the price may correct deeper toward $13–$14. This range marks an older accumulation zone with historical relevance.Significantly, Chainlink has gained 17.32% in the past seven days. Despite the recent 3.36% daily pullback, bulls still show resilience.
The trading volume of over $946 million indicates strong market interest. This volume could help validate any breakout or breakdown in the coming sessions. Hence, market participants must remain alert. This $18 level is not just a number — it’s the trigger for the next major move.
To conclude, Chainlink’s price structure is on the edge. Whether bulls break through or bears reject, volatility is guaranteed.
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