Will Chainlink (LINK) Surge? Watch for the Turning Point at $15.85!

Jakarta, Pintu News – In the latest analysis by CRYPTOWZRD, Chainlink (LINK) showed a neutral and erratic close. The session did not show a clear direction, but often this is followed by sharper moves. This market watcher plans to keep an eye on the intraday charts for reversal opportunities if the price can break above $15.85, which would be an early indication of bullish tendencies.

Chainlink (LINK) Recent Technical Analysis

CRYPTOWZRD notes that Chainlink (LINK) and Chainlink to Bitcoin (LINKBTC) closed today’s session without significant clarity of direction. Daily candlesticks showed weakness in price action. Both assets require increased buying pressure to start a new bullish trend.

Especially for LINKBTC, an upward push could occur as Bitcoin (BTC) dominance approaches its resistance target. An increase in Bitcoin (BTC) dominance could give LINK the boost it needs to start a bullish phase in sync with broader market movements.

Also Read: Bitcoin Approaches Golden Cross: Bullish Signal Amid US Debt Concerns

The Importance of Support and Resistance Points

For Chainlink (LINK), the $16 level has been a key support zone. A bullish reversal from this area could add to the impulsive price action, potentially pushing Chainlink (LINK) towards the $19.50 resistance target in the short term.

If Chainlink (LINK) manages to break above $19.50 decisively, CRYPTOWZRD forecasts a more substantial rally that could push the asset towards the $30 resistance level. However, this bullish outcome is contingent on consistent upside pressure and a healthy price structure to support the move.

Volatility and Market Direction Forecast

From today’s intraday analysis, it can be seen that Chainlink (LINK) price action is slow and erratic. With no clear momentum, increased volatility is expected as the market tries to break this level.

However, the price needs to break decisively above the $16.80 intraday resistance level to trigger a solid long entry. The market is currently waiting for the formation of the next trade setup, be it a strong reversal off support or a clean breakout above resistance, to provide momentum for the next significant move.

Conclusion

Taking into account the latest analysis and changing market conditions, market participants should closely monitor the technical indicators and price movements of Chainlink (LINK) in the coming days. Decisions to enter or exit the market should be based on the confirmation of a clear trend and a supportive price structure.

Also Read: XRP Strengthens After V-Shaped Recovery, Next Price Target IDR56,000?

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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. Crypto trading activities are subject to 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

• NewsBTC. Chainlink Hovers in the Fog. Accessed on May 19, 2025
• Featured Image: Finimize