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Chainlink (LINK) is at a Very Critical Turning Point! The Analysis Company Shared What is Needed for a Bullish Turn.
The cryptocurrency analysis firm MakroVision evaluated Chainlink and summarized the key technical levels that could determine the token's next major movement.
After reaching a local peak in December, LINK faced significant selling pressure. However, according to the analytics firm, a new structure is now forming over a broader time frame, indicating a potential shift in momentum.
The analysis company identified the following important levels to watch for the LINK price:
At the time this article was written, the LINK price is trading at $14.34.
According to the analysis company, Chainlink is currently at a crossroads balancing between structural support and a potential breakout. The range around 17 dollars continues to be a key short-term turning point that could determine whether LINK will continue its upward trend.