Chainlink is testing a significant long-term support trendline as analysts closely monitor its movement near this crucial price level. The token has returned to the rising base that has guided its structure since mid-2023 after a recent decline. Market activity remains steady, with price trading within a controlled range of $13.71 to $14.44. Analysts are tracking macro support signals as indicators approach levels seen before prior reversals. 5 Key Observations: 1) Price tested the long-term support trendline and continues to move within a narrow range between $13.71 and $14.44; 2) Each decline since mid-2023 has found support at this same zone, showing consistent strength; 3) This is the fifth time LINK has touched this key level, indicating potential resilience; 4) The rising trendline continues to guide price movements, while analysts are watching for a decisive move; 5) Macro support levels are being approached as indicators approach previous reversal points. Chainlink’s future trajectory hinges on this crucial test at the long-term support level.