Chainlink (LINK) Price Is Slowing Down… But History Says a Reversal Might Be Coming

Chainlink (LINK) Price Is Slowing Down… But History Says a Reversal Might Be Coming
фото показано с : captainaltcoin.com

2025-6-22 18:30

LINK price is sliding toward a key support zone that’s starting to get noticed. While the rest of the crypto market is giving off mixed signals, Chainlin (LINK) has been drifting lower, and it’s now approaching a price level that’s seen some serious action in the past.

On X, top analyst BATMAN shared a chart showing how LINK is “slowly bleeding” into the $11 area. According to him, this is the same zone where LINK kicked off a strong rally not too long ago. If the price can hold steady here, he says the next big move could take LINK up to $19. He also hinted that a potential bottom might be forming soon.

Chainlink Current Trend Shows Steady Decline Toward Support

LINK price has been going down since mid-March 2025. The daily chart has a clear pattern of lower highs and lower lows. The price has gone down further after consolidating in May and is trading near $12.32 currently.

The pace of this decline has been gradual. Instead of sharp sell-offs, the market has shown low volatility. This type of movement can often signal a potential accumulation phase, especially near strong support levels.

Source: X/BATMAN LINK Price Key Levels to Watch: $11 Support and $19 Resistance

The $11–$12 range remains the first major support area. This zone was the starting point of LINK previous rally in early May. If buyers step in again, the first resistance area would be near $18.50–$19.00.

The chart offers more resistance areas near $24.00–$25.00 and then $30.00–$32.00 after that. A confirmed bounce from the current support could follow a step-by-step rally toward these levels.

Read Also: JasmyCoin Price Just Broke a Major Level: Another Big Dump Coming?

Analyst Chart Suggests LINK Price Reversal Path Into Q3

The projected scenario shared in the chart includes a potential reversal from support, followed by a breakout and a climb toward higher levels by late Q3. The setup resembles a rounded bottom pattern that may take shape if volume and buying pressure return.

For now, Chainlink price remains in a watch zone, with the $11 support area serving as a key level to monitor. Traders are looking for signs of a shift in trend as the token approaches this historically active price range.

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The post Chainlink (LINK) Price Is Slowing Down… But History Says a Reversal Might Be Coming appeared first on CaptainAltcoin.

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Источник: captainaltcoin.com

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