The Chainlink currency ($LINK ) is approaching an important historical support zone against ₿Bitcoin, indicating the possibility of a new bullish wave in the coming period 🌙✨
📊 From a technical perspective, the weekly chart shows that the currency has undergone a long downward trend since its peak in 2021, interspersed with lower highs and lows. However, at the beginning of 2025, this trend began to gradually weaken, with the price stabilizing within a narrow range between 0.0001368 BTC and 0.000250 BTC — an area typically known as the ‘calm before the storm’ 💥
🔸 Support and resistance areas:
🛡️ Strong support: at levels of 0.0001368 BTC
⚔️ First resistance: between 0.00020 – 0.00022 BTC
🎯 Next targets: at 0.0002733 BTC then 0.0004389 BTC
A clear breakout above the current resistance may end the extended downtrend and open the way for a rise that could exceed +160% to reach higher levels, equivalent to approximately 49.9 in dollar value if historical performance repeats 📈🔥
📉 Technical indicators:
The RSI indicator is moving in a neutral range, indicating a balance between buyers and sellers ⚖️
Weak trading volumes reflect a decline in selling pressure 💤
Moving averages show signs of stability and gradual shift in momentum towards the upward direction 🚀
💬 Market predictions:
While some analysts see the range of 13 – 26 as a 'consolidation area,' others expect LINK to make strong leaps during 2026, with momentum returning to the DeFi sector. Some describe it as a 'giant preparing to wake up,' predicting the possibility of surpassing the level of 100 in the medium term 🌐💎
✨ In short, #Chainlink is approaching a critical moment — either a launch that brings it back to the forefront within the upcoming DeFi bullish wave, or a continuation of consolidation before the big breakout 🚀🔗
Do you see it ready to launch? 💭
