- Chainlink tests the Bull Market Support Band, which could soon determine its process.
- The ‘At the Money’ percentage, around 8%, emphasized a transition zone around $ 20.
During the time, chain link [LINK] Tested the Bull Market Support Band at $ 18 to determine the long -term trend strength.
Historically, retaining above this level has indicated a strong bullish momentum, which makes price eviction to higher levels possible.
If link maintains support above this tire, this can confirm the upward trend and attract more buyers, with potential goals above $ 25 in the coming weeks.
A breakdown below this level, especially with a confirmed retest as a resistance, could cause sales pressure. This will make the bullish structure of Chainlink invalid and suggest a further downward risk.
Source: Intothcryptooverse
In such a scenario, Link could re -test a deer of lower supports near and under $ 14, which previously acted as accumulation zones.
Monitoring the weekly closure around this level will be crucial to confirm the next directional movement for the Altcoin.
Link’s ‘Long tail’ tests key level
Analyzing the price action of Link using the Luxalgo structure breach meant a shift in Momentum, since Chainlink remains above $ 18, which confirms a bullish bias.
This support was critically tested by the long tail on the daily graph of Link and immediately rejected it.
This suggests an increasing interest rate of the buyer, with important resistance levels at $ 22 and $ 25. Not holding $ 18 as a support can lead to a trend removal to $ 16.80.
The MACD indicator showed an increasing bullish momentum, while the MACD line over the signal line near $ 18 exceeded, which confirmed an upward momentum.
Source: TradingView
However, the volume remained relatively low, which indicates a need for a stronger transit pressure to maintain the outbreak.
If the volume increases, this could strengthen the bullish trend of link and push to higher price objectives.
Conversely, when the MACD histogram starts to fall, this can indicate a delay in Momentum, which increases the risk of withdrawal to $ 17 and possibly $ 15.
If buyers maintain the control over BMSB, Link could continue its upward trend, while a failure to keep support, can indicate an increased bearish pressure and deeper recovery.
Profitability of global holders
Finally, link -trading at $ 18 showed that 76.79% of the addresses was ‘in the money’, which indicates strong support at the level.
Conversely, 15.73% of the addresses ‘from the money’ was at this level, which indicates potential resistance if Link does not maintain above it.
Source: Intotheblock
Read Chainlink’s [LINK] Price forecast 2025–2026
The ‘At the Money’ percentage, around 7.47%, emphasized a transition zone around $ 20.00 – a critical pivot point for a future price direction.
If link above BMSB maintains, this may indicate a bullish sentiment reinforcement, which makes it possible to target the upper levels. Conversely, the falls could see further drops for the Altcoin.
