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Chainlink Price Tests $20 Support as Bulls Aim for a Rebound Toward $30
['Naveed Iqbal', 'Benjamin Wallis', 'Andy Pickering', 'Sven Luiv']
Brave New Coin
Chainlink Price Tests $20 Support as Bulls Aim for a Rebound Toward $30Chainlink (LINK) is at a decisive technical point after a failed breakout near the mid-$27 resistance.
Analyst Joe Mitoshi calls this a “pivot week,” as the token trades around $21.50, holding key weekly support near $20.78.
The weekly chart shows that the price reversed from this level and is now trading near $21.43, down 6.66% over the last week.
LINKUSDT Chart | Source:xKey Support and Resistance Levels in FocusThe price action places the $20.78 and $19.50 levels in focus as immediate supports.
If the $20 support fails, however, the next support is expected near $18.10.
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