Chainlink on the Brink: Will LINK Smash Through $23.83 or Crash Lower?

Chainlink (LINK) is trading in a narrow band near $23.83, where resistance has capped recent attempts to push higher. The daily chart shows a flattening 9-day EMA just above price action, reflecting short-term hesitation, while the 20-day EMA offers medium-term support.

Momentum remains mixed. The MACD continues to signal fading bullish strength, but RSI above 50 suggests neutral-to-positive sentiment. Key levels to watch include resistance at $23.83, $25.17, and $25.42, with support established at $23.38, $22.61, and $22.12.

Order book data reveals heavy ask walls at $24, $26, and $30, which could limit upside unless strong buying momentum emerges. On the downside, sizeable bid walls at $20 and $18 provide important safety nets, though a break below them could trigger steep losses.

Traders are eyeing $23.83 as the first battleground: a breakout above could open the path to higher targets, while rejection may see LINK retesting support zones.

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Read the full analysis: www.ecoinimist.com/2025/09/04/chainlink-price-on-edge-link-explode