14.02.2025 05:01

Chainlink (LINK) price, signaling a potential rebound, has caught the attention of market observers. Recent analysis suggests a compelling upward trajectory, potentially reaching $23.

The TD Sequential indicator, renowned for its accuracy in predicting short-term price shifts, has flashed a buy signal near the $18.00 support level. This, combined with investor interest and sustained buying pressure, propels the possibility of a significant price recovery. Optimistic analysts foresee LINK surging to $21, perhaps exceeding $23, driven by increased demand. Specifically, analyst Ali (@ali_charts) highlighted the correlation between the buy signal and a potential rebound to those higher price points.

Interestingly, LINK's price stabilized at $18.59, having touched a low of $17.00, showcasing a crucial support level. This previously proven price zone effectively halted prior downtrends. A sustained holding above this level could trigger a bullish breakout. Traders should carefully monitor the $21.00 resistance level, a prior consolidation zone, and the $23.00 barrier, a significant price rejection zone in the past. Whether sufficient buying pressure will overcome these hurdles remains uncertain, and further analysis is warranted.


A nuanced technical analysis reveals mixed signals within Chainlink's current market activity. The Relative Strength Index (RSI) currently stands at 48.94, suggesting a neutral market sentiment. Historically, RSI readings above 50 signify strengthening bullish momentum, while readings below 40 often indicate a resurgence in buying pressure. While currently neutral, Chainlink's price behavior merits further scrutiny for signs of directional shifts. The upcoming directional movement assessment will be crucial for a complete picture of future potential.