Cryptocurrency analytics firm MakroVision has evaluated Chainlink (LINK) and outlined key technical levels that could determine the token’s next big move. After reaching a local peak in December, LINK faced significant selling pressure. However, a new structure is now forming on a broader time frame, suggesting a potential shift in momentum, according to the analyst firm. The analyst firm has identified the following as key levels to watch in the LINK price: $16.5 – $17.3: Current test zone, aligned with previous support and intersecting with the downtrend line. $20.2 – $21.7: A strong resistance area, a break above this level could open the way to LINK’s upper trading range. $12.6: A key support level that marks the lower uptrend line. Holding this level could be a bullish sign. At the time of writing, LINK is trading at $14.34. According to the analytics firm, Chainlink is currently at a crossroads balancing between structural support and a potential breakout. The range around $17 remains the key short-term turning point that could determine whether LINK continues its uptrend. *This is not investment advice. Continue Reading: Chainlink (LINK) at a Critical Phase – Analytics Firm Shares What’s Needed for a Bullish Turnaround
