Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Is ChainLink (link) support support by resistance?
ALTCOIN NEWS

Is ChainLink (link) support support by resistance?

By Crypto FlexsApril 12, 20252 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is ChainLink (link) support support by resistance?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Linking in a $ 12.5 brake out area has been implied in a row.
  • Onchain and liquidation data supported additional and unloading potential for $ 10 and $ 7.5.

After a one -week reduction, ChainLink (link) tests a major resistance area of ​​about $ 12.5, which has previously been a major support. Altcoin’s price measures seemed to be a re -test of brake out zones that can now be transferred to resistance. In fact, it also implied the lack of beliefs.

But if Bulls don’t maintain this important price level, LINK can see more important fullback. The wider market is still determined, and the recent support of ChainLink (link) depends on expectations.

Source: TradingView

In addition, the price did not record the highest after the toppings of nearly $ 16.

It is a sign of the weakening structure to test the descent tendency to about $ 12.5 without convincingly popping out.

Set weakness of links enhanced by onchain data

At the time of writing, the hot chain data seemed to have little relief about Link’s bull.

According to Cryptoquant, Altcoin’s net reserves in exchange are slightly higher than the 7th average. It is usually a signal that increases sales pressure.

More net deposits represent investors who are sent to centralized exchanges from the point of view of the distributed exchanges and selling them.

Uptick is no longer exceeding the limit, but it matched the weak technology outlook. This convergence can justify the weak bias of the link on the chart.

Source: cryptoquant

The liquidation cluster hints more than $ 10

Finally, the leverage trader can have a greater impact on the price trajectory of Link.

The liquidation heat map also showed a long liquidation cluster near $ 10 mark. Market manufacturers like to hunt these liquidity zones for uncertain periods.

Source: COINGLASS

If the link is moved to $ 10, causing liquidation can lead to cascade due to the sales pressure. Then another promotion of $ 20 (4Q2023) will be possible.

To avoid deeper losses, you must have a $ 12.5 zone. If the exchange deposits and thorns clearing are increasing below, the path of resistance is currently south.

Previous: Ethereum’s (ETH) 11% rebound -Is greed fueling the floor? Or are fear drive traps?

Next: Popcat Eyes 3 times Serge invests $ 80 million, but what about Spot Traders?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025

Ether Leeum World Fair Announcement

September 24, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 2025

Buying NFT is like buying a Mickey Mouse T -shirt and an IP.

September 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025
Most Popular

Bitcoin falls 3% on false SEC spot Bitcoin ETF approval

January 9, 2024

Airdrop Points Stage 2 Live, TGE Countdown Begins

September 8, 2025

Altcoins Crash as Bitcoin Price Drops Below $59,000. Is the Crypto Bull Cycle Over?

July 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.