$LINK Buyers Hold the Line After Sharp Intraday Dip
Chainlink is trading at $22.81, down 3.76% today after a sharp sell-off that briefly pushed price toward the $22.50 zone. Buyers have stepped in to defend key support, but the market remains range-bound between strong resistance overhead and a fragile floor below.
Key Levels to Watch
• Resistance: $23.20 – $23.60 — A breakout here could pave the way toward $23.95 and $24.30.
• Support: $22.50 — Losing this level may open the door to $22.00 and potentially $21.50.
Trade Setup — Waiting for Confirmation
Bullish Entry:
• Trigger: Sustained move above $23.60 with strong buying volume.
• Targets:
• TP1: $23.95
• TP2: $24.30
Bearish Entry:
• Trigger: Drop below $22.50 with a spike in sell pressure.
• Targets:
• TP1: $22.00
• TP2: $21.50
LINK has gained over 114% in the past year, showing long-term strength, but short-term traders should expect volatility as the price battles between buyers defending support and sellers pressing at resistance.