Chainlink LINK Faces Critical Test at $15 Support

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Chainlink LINK Faces Critical Test at $15 Support—Will $10 Be the Next Target?

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2025-05-19 16:10:15

Chainlink LINK News -

Chainlink (LINK), a leading altcoin with strong adoption in DeFi and Web3 ecosystems, is showing technical weakness after being rejected at the $17.50 resistance level. The token is currently testing the $15.00–$15.20 support zone, which, if broken, could lead to a further decline toward $10. Analyst Ali (@ali_charts) highlights increasing seller pressure on the 4-hour chart, with $17.50 now acting as a firm barrier.

Despite the bearish technical setup, Chainlink’s solid fundamentals suggest a potential buying opportunity if the $10 support level holds. Traders are watching for either a breakdown signaling more downside or a reversal indicating accumulation at lower prices.

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