Chainlink (LINK) Holds Strong at $15 Support, Targets $16 Rebound
Chainlink shows resilience by holding support above the $15.0–$15.2 zone, a critical level that previously served as resistance. This consolidation hints at a potential short-term rebound, with traders targeting the $15.7–$16.0 range if bullish momentum continues.
Despite bearish signals from RSI and MACD indicators, buyers are actively defending the support level. LINK's current price of $15.32 reflects a modest 1.99% dip over 24 hours, while its market cap remains strong at $10.67 billion with $954.62 million in daily trading volume.
Analysts note that a decisive break above the 9-day EMA could accelerate upward movement. The $15 threshold has flipped from resistance to support—a classic bullish reversal pattern that often precedes significant price appreciation.
