{"id":35778,"date":"2025-01-14T18:30:35","date_gmt":"2025-01-14T18:30:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=35778"},"modified":"2025-01-14T18:30:35","modified_gmt":"2025-01-14T18:30:35","slug":"chainlink-weekly-chart-looks-promising-if-bulls-reclaim-30-ath-are-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=35778","title":{"rendered":"Chainlink Weekly Chart Looks Promising \u2013 If Bulls Reclaim $30 \u2018ATH Are Next\u2019"},"content":{"rendered":"

Chainlink has showcased its volatility over the past few days, with the price plunging 12% before staging an impressive 13% recovery in less than 24 hours. This rapid rebound has sparked optimism among investors, who view the altcoin\u2019s resilience as a sign of its potential for significant gains in the near term.<\/p>\n

Top analyst Jelle shared a technical analysis on X, describing the LINK weekly chart as slowly evolving into a \u201cthing of beauty.\u201d The chart signals growing strength, suggesting that Chainlink could be poised for a substantial move if key price levels are reclaimed.<\/p>\n

The coming days will be crucial for LINK, as fresh supply zones are yet to be tested. A successful breakout above current resistance levels could catalyze a massive rally, potentially pushing Chainlink to multi-year highs. However, failure to hold its recent gains could lead to further consolidation or a retrace to test demand zones.<\/p>\n

As market sentiment shifts and technical indicators align, Chainlink is catching the attention<\/a> of traders and long-term holders alike. The stage is set for a potential breakout, and all eyes are on LINK to see if it can capitalize on its momentum and deliver the rally many are anticipating.<\/p>\n

Chainlink Prepares for a Rebound After 42% Correction<\/h2>\n

Chainlink (LINK) has faced a challenging few weeks, with the price plummeting over 42% since mid-December. However, signs are emerging that this steep correction may be nearing its end. Analysts are now speculating that LINK has reached a bottom, as short-term price action hints at bullish momentum.<\/p>\n

Top analyst Jelle shared a detailed technical analysis on X<\/a>, highlighting that LINK\u2019s weekly chart is \u201cslowly turning into a true thing of beauty.\u201d He noted the significance of a painful yet critical retest of a key support level, which LINK has managed to hold firmly. This resilience is boosting confidence among investors and traders that the worst may be over for the altcoin.<\/p>\n

Jelle identified the first key target for LINK at $30, with expectations of new all-time highs following if bullish momentum sustains. For this to materialize, LINK must reclaim crucial levels to break the daily downtrend and establish a bullish structure.<\/p>\n

The coming days are critical for Chainlink\u2019s recovery. If LINK successfully holds its support and breaks above short-term resistance levels, it could trigger a rally that many investors are anticipating. A failure to maintain these levels, however, could lead to further consolidation or even a retest of recent lows. The market is watching closely as Chainlink attempts to chart its next big move.<\/p>\n

Price Holds Strong: Key Levels To Watch<\/h2>\n

Chainlink (LINK) is trading at $20 after a volatile Monday, during which the price briefly broke down to the $17 mark before staging a swift recovery within hours. This dramatic rebound has reinvigorated bullish sentiment, with many investors speculating that LINK could be gearing up for its next major move.<\/p>\n

Bulls appear to have gained the upper hand, as the price now flirts with breaking above the $22 level. Successfully reclaiming this level would set the stage for a challenge of the $25 local high, a critical resistance point for LINK\u2019s short-term price action. Analysts believe that flipping these levels into support could act as a springboard for a significant rally, potentially pushing LINK into higher territory.<\/p>\n

However, the journey ahead remains uncertain. LINK needs to maintain its momentum to avoid falling back into bearish territory. A failure to break above $22 could result in renewed consolidation or a retest of lower support levels.<\/p>\n

For now, all eyes are on Chainlink\u2019s price action as it navigates this pivotal moment. A decisive breakout above the $25 mark could signal the start of a strong bullish trend, reigniting optimism among investors and setting the stage for further gains.<\/p>\n

Featured image from Dall-E, chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"

Chainlink has showcased its volatility over the past few days, with the price plunging 12% before staging an impressive 13% recovery in less than 24 hours. This rapid rebound has sparked optimism among investors, who view the altcoin\u2019s resilience as a sign of its potential for significant gains in the near term. Top analyst Jelle […]<\/p>\n","protected":false},"author":0,"featured_media":35779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35778"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35778"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/35779"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}