š¹ Chainlink ($LINK ) ā Key Technical Levels š¹
š Current Price Action:
Consolidating just below $23 (strong resistance)
Break above $23 needed to confirm bullish continuation
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š Upside Targets:
$25 ā Fibonacci extension level
$27 ā Next resistance
$31 ā Major resistance zone
$46ā$47 ā 5th wave target
$127+ ā Long-term stretch target
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š Key Support Levels:
$19 ā Micro support; break suggests deeper pullback
$17.13 ā $12.76 ā Critical support zone (78.6% retracement)
$6.90 ā Major daily support from 2023 low
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š Technical Structure:
Clean 5-wave move up from 2023 low
ABC running flat correction completed into 2025 lows
Possible ongoing 5th wave
Holding above $12.76 keeps bullish outlook intact
ā ļø Short-Term Notes:
One more high toward $23ā$25 possible before pullback
Pullbacks should remain 3-wave and above $12.76
Break below $19 shifts focus to lower support
Summary: LINK is holding strong, but the $23 level is the gatekeeper for a move toward $31 and beyond. As long as $12.76 holds, the path toward higher highs remains on the table.