Chainlink (LINK) Tests Critical Support, Potential Price Recovery on Investors’ Mind

Jakarta, Pintu News – Chainlink LINK->Current LINK PriceRp 0Market Cap-Trading Volume-Circulating Supply-, one of the most popular crypto assets, is showing signs of strength after experiencing price pressure. Currently, LINK is trading 27% higher than its lows on March 11, giving investors new hope.

While the general state of the cryptocurrency market remains uncertain, some analysts see the current consolidation as a recovery opportunity, if key support is successfully maintained.

Support at IDR 211,000 is the decisive point for price direction

Market analyst Ali Martinez said that Chainlink is now testing an important support level at $13 or about Rp211,900. This level is the lower limit of a long-term price channel that has been forming for some time. If LINK is able to hold in this range, history suggests the potential for a significant rebound that could bring prices up gradually.

Currently, market sentiment remains divided. Some are cautious, anticipating a possible further correction, while others are optimistic that this consolidation phase is the foundation for the next upward movement. LINK’s ability to maintain this support is considered important as an indicator of the direction of the next trend in the cryptocurrency market.

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Optimism for Momentum Recovery After Sharp Decline

Since touching its highest price in mid-December at around $30, LINK has corrected by more than 61%. This decline reflects bearish market sentiment due to global economic uncertainty and investors’ reduced risk appetite. However, optimism is starting to return as LINK is now in a technical area that previously supported a price recovery.

If the $13 level is successfully maintained, Martinez predicts a potential upside towards the intermediate target of $25 (IDR 407,500), and could even reach $50 (IDR 815,000) if the bullish momentum strengthens. With this position, Chainlink has the opportunity to become one of the altcoins leading the crypto market recovery going forward.

Battle at IDR244K Resistance Zone in Focus

At the time of writing, Chainlink is trading at $14.30 or about Rp233,090, just below the important resistance zone of $15 (Rp244,500). This level is a key area for buyers and sellers, which will determine the direction of price movement in the short term. If LINK is able to break this barrier, analysts expect a quick move towards $17 (IDR277,100).

The price briefly bounced off support at $13, indicating the emergence of buying interest among investors. However, overall market conditions are still vulnerable to external pressures such as global economic data and monetary policy, which could significantly affect sentiment.

Risk of Downward Pressure Still Exists if it Fails to Break Rp244 Thousand

Failure to break the $15 zone will weaken the bullish scenario and could push prices back down. In a negative scenario, a drop below $13 would open the door to the next support level of $12. Therefore, the next few trading sessions will be crucial to determine Chainlink’s fate in the near term.

Active investors and traders are closely monitoring LINK’s movements. Successfully maintaining support or breaking through resistance will be an important signal as to whether Chainlink is capable of starting a new recovery trend amid the still uncertain cryptocurrency market situation.

Conclusion

Chainlink is currently in an important phase that could determine the direction of future price movements. With the price holding above the $13 support and signs of recovery emerging, opportunities for a rally are opening up. However, challenges remain at the resistance zone which has yet to be broken. As the crypto market looks for a more definitive direction, LINK remains one of the assets worth monitoring for the foreseeable future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Semilore Faleti/NewsBTC. Chainlink Poized For Recovery If $13 Support Holds – Expert Sets Optimistic Targets. Accessed March 24, 2025.
• Featured Image: The Block