Fun

Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus

News Feed - 2025-05-20 12:05:51

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


After weeks of consistent buying pressure and bullish sentiment, Chainlink (LINK) is now facing a critical moment. The price failed to reclaim the $18 resistance level and has since dropped more than 16%, showing signs of weakening momentum. This recent rejection has sparked concerns among investors and traders, as downside risk intensifies in the short term. Related Reading Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours 1 day ago


Top crypto analyst Ali Martinez shared a technical analysis pointing to a potential retracement toward lower demand levels. According to Martinez, the recent failure to break above key resistance may trigger further selling pressure, especially if broader market conditions remain uncertain. He suggests that LINK appears to be losing its bullish structure and could be preparing to revisit lower support levels before any meaningful rebound.


Chainlink’s current position highlights a shift in sentiment, as bulls struggle to hold key zones. While the broader market remains relatively stable, LINK’s inability to maintain higher levels could signal an early sign of deeper correction if volume and momentum do not pick up.


With volatility returning to the altcoin space, the coming days will be decisive for Chainlink. Holding above interim supports will be key if bulls want to regain control and avoid further losses. Chainlink Struggles As Momentum Fades: Downside Risks Grow


Chainlink (LINK) is showing signs of exhaustion after weeks of upward movement, now trading under mounting pressure as the market grapples with renewed volatility and global financial uncertainty. Bulls remain active, defending key demand zones and continuing to call for a breakout, but fading momentum and growing fear are starting to weigh on sentiment.


The failure to breach the $18 resistance level marked a turning point. Since then, Chainlink has slipped over 16%, losing critical support zones and entering a vulnerable technical position. According to Martinez, this rejection could be the start of a deeper correction. Martinez’s analysis suggests that LINK is now poised to revisit the $10 level — a psychological and structural support that aligns with historical price behavior. Chainlink retraces after $18 Rejection | Source: Ali Martinez on X


The next few trading sessions will be crucial. If bulls can’t reclaim higher levels or at least stabilize price action above $14, the selling pressure could accelerate. Adding to the uncertainty is a broader lack of clarity in global markets, with investors closely watching central banks, inflation data, and geopolitical developments for guidance.


While some traders are still positioning for a bounce, the current structure points to caution. Chainlink’s performance in the coming days could either confirm a local top or offer a high-risk, high-reward entry point if support holds and momentum returns. Either way, the $10–$12 range may soon be tested, and how LINK responds there will define its next major trend. Related Reading XRP Flashes Bullish Signal – Technical Indicator Hints At Imminent Rebound 1 day ago LINK Faces Pullback As Buy Pressure Weakens


Chainlink (LINK) is under pressure after failing to hold above the $17.50–$18 resistance zone. The daily chart shows a sharp rejection near the 200-day SMA (currently at $17.79), followed by a 16% drop that pushed LINK below the 200-day EMA ($16). This move confirms a breakdown of bullish momentum and highlights growing downside risk as traders reassess short-term expectations. LINK retraces from the 200-day SMA | Source: LINKUSDT chart on TradingView


Volume has picked up during the recent pullback, suggesting active profit-taking or renewed selling interest. The current support zone lies around $14.80–$15.00, a region previously tested in late April and early May. If bulls fail to hold this level, the next major support rests closer to $13.20, potentially opening the door for a deeper correction toward the $10 mark—an area cited by analyst Ali Martinez. Related Reading Ethereum Faces Resistance Against Bitcoin – ETH/BTC Bullish Structure In Question 2 days ago


To regain momentum, LINK must first reclaim the $16 zone and flip the 200 EMA back into support. A daily close above both the 200 EMA and SMA would shift sentiment and restore the bullish structure. Until then, traders should watch for continuation signals or further weakness, especially if broader market volatility persists. LINK is in a make-or-break phase, with the next few days likely to set the tone for its short-term trajectory.


Featured image from Dall-E, chart from TradingView

News Feed

Terra’s Founder Do Kwon ‘Looks Forward to Building With Bitcoin’ — Project Reportedly Acquires $125M in BTC
Terra’s Founder Do Kwon "Looks Forward to Building With Bitcoin" — Project Reportedly Acquires $125M in BTC Just recently, Terra founder Do Kwon hinted at purchasing $3 billion
Australian regulators bust unlicensed blockchain mining companies
Savannah Fortis14 hours agoAustralian regulators bust unlicensed blockchain mining companiesASIC launched civil proceedings against two Australian cryptocurrency firms, NGS and DCA Capital, following a collapse as invest
Queensland law enforcement agency calls for more powers to seize crypto
Arijit Sarkar12 hours agoQueensland law enforcement agency calls for more powers to seize cryptoThe Crime and Corruption Commission is calling for a reform of Queensland’s Criminal Proceeds Confiscation Act 2002 to cou
Jesse Coghlan7 hours agoDEA gets duped: Agency loses $55K in address poisoning scamThe United States Drug Enforcement Administration has yet to find those responsible for the attack but has enlisted the help of the FBI.2
Tristan Greene7 hours agoEU announces initiative to fast-track supercomputer access for AI startupsEuropean Union President Ursula von der Leyen also called for a global AI governance body during the 2023 State of the Un
Bitcoin, Ethereum Technical Analysis: ETH Surges Past $1,200 as Latest Shadow Fork Goes Live
Bitcoin, Ethereum Technical Analysis: ETH Surges Past $1,200 as Latest Shadow Fork Goes Live ETH was back in the green, as markets reacted to the release of Shadow Fork 9. Bitcoin
Report: South Korea to Recruit Companies for Metaverse Content Creation Project
Report: South Korea to Recruit Companies for Metaverse Content Creation Project The South Korean science and ICT ministry has said it will recruit companies that will participate i
Best Altcoins to Buy as Institutional Bitcoin Buying Set to Outpace Retail
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Paypal Plans to Study Transactions That Fund Extremism, Anti-Government Groups
Paypal Plans to Study Transactions That Fund Extremism, Anti-Government Groups The payment processing giant Paypal has revealed it has partnered with the nonprof
Bitcoin halving 2024 — Done and dusted!
Ciaran Lyons8 hours agoBitcoin halving 2024 — Done and dusted!The landmark occasion sees a reduction in Bitcoin miner rewards, dropping from 6.25 BTC per mined block to 3.125 BTC.27245 Total views72 Total sharesListen
MetaMask partners with CoinLedger to make tax reporting easier for users
Tristan Greene7 hours agoMetaMask partners with CoinLedger to make tax reporting easier for usersThe partnership allows MetaMask users to export their tax information into CoinLedger via a single click.1773 Total views16
The USA can (and should) dedicate more energy to Bitcoin mining
Christopher Koopman3 hours agoThe USA can (and should) dedicate more energy to Bitcoin miningDonald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining.472 Total views