Chainlink Poised for Recovery with Key Support at $13
- Chainlink (LINK) is trading 27% above its March 11 low.
- The current price is around $14.30, just below the crucial $15 resistance level.
- LINK has fallen over 61% since its mid-December high of approximately $30.
- A critical support level is identified at $13, marking the lower boundary of a long-standing price channel.
- If LINK holds above $13, historical patterns suggest potential targets of $25 and possibly $50.
Chainlink’s ability to maintain the $13 support level is crucial for a potential recovery, with analysts watching for a breakout above the $15 resistance to signal renewed bullish momentum.
Source (2.6)https://www.newsbtc.com/news/chainlink/chainlink-poised-for-recovery-if-13-support-holds-expert-sets-optimistic-targets/?rand=52377
