Chainlink Near Resistance - Pressure Is There

Chainlink (LINK) is facing a significant test as its price is getting closer to a major resistance level that has historically capped upward movement. The coin has demonstrated strong momentum, but this approaching resistance could dictate its near-term trajectory.

If LINK can sustain its push without encountering further resistance, it may break through, setting a new precedent for bullish progression. However, a rejection at this level could trigger a retracement, possibly towards the $8 support zone, which would be an attractive entry point for traders looking to capitalize on the pullback.

Swallow Team

Comment:

We see how pushy the price is towards resistance zone (and not any significant resistance from this zone as well). If it continues then we will be switching here for long! Now waiting for a potential weakness to kick inn here