Chainlink has been drifting lower for a while, but the latest move has brought the LINK price back to a spot that really matters. It’s not just another dip; this is the level that has defined every major LINK rebound for more than a year. Now that price is sitting right on top of it, the market is showing interest again.
LINK Is Touching a Trendline It Has Respected for Years
Prominent analyst Ali Martinez’s chart makes it obvious. The LINK price is once again tapping into a long-term ascending trendline that dates all the way back to mid-2023. Every time the price hit this line, it bounced, sometimes for weeks, sometimes for months. It’s been one of the cleanest, most reliable trend supports in LINK’s entire chart history.
Right now, the LINK price is hovering around the $14 zone, sitting directly on that same line. If it holds, LINK could reset its bullish structure just like it has several times before. If it doesn’t, that would mark the first real break in this multi-year pattern.
Short-Term LINK Charts Still Look Weak, but a Pivot Zone Is Emerging
Analyst DonaldTrade’s 1-hour chart shows a different picture. The LINK price has been sliding down inside a broad descending channel, moving steadily from the mid-$20s down to this support area. That downtrend hasn’t reversed yet, which is why short-term sentiment remains cautious.
But here’s where things get interesting. The lower boundary of Donald’s channel lines up almost perfectly with Ali’s long-term support trendline. When a macro support level and a local structure come together like this, the area often becomes a magnet for buyers.
If the LINK price holds this zone, it has room to push back toward the upper side of the channel, a move that could carry it back into the mid-$20s. If it breaks the trendline instead, the next meaningful support doesn’t appear until the $11 to $12 range.
How High Could LINK Go?
The next move is all about whether LINK can defend the trendline that has carried it through multiple cycles. If buyers show up again, we could see another strong rebound from this exact area. If sellers push through it, a deeper pullback becomes much more likely.
It’s a simple setup, but an important one. This isn’t just any support test; it’s the backbone of LINK’s multi-year structure. The market won’t have to wait long. The next few days should tell us whether the trendline holds or finally gives way.