Chainlink’s Crucial Support at Risk: Is a New Rally in the Cards?

Chainlink prices have been experiencing downward pressure, but recent movements bring LINK to a level of significance. It’s not just another dip; this support has repeatedly defined every major rebound for over a year. Now, with the price hovering at its most critical level, renewed market interest is visible. 2023’s trendline appears as a key factor, and experts are closely watching. 2023’s trendline shows LINK price constantly hitting this line, resulting in bounces sometimes for weeks or months. It has been one of the cleanest, most reliable support structures in LINK’s entire chart history. With the current price hovering around $14, the market is again showing interest.