Chainlink Price Faces Break Below Long-Term Trendline; Expert Identifies Key Support Areas

Chainlink’s price has broken below its long-standing ascending trendline, signaling a shift in market structure and prompting traders to focus on potential support levels around $10 and $7.50. Analysts are observing the recent breach against key Fibonacci retracement levels at $12.24 and $9.98, which may serve as support zones. Technical indicators like the Moving Average Cross and Directional Movement Index (DMI) highlight a bearish trend.