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Chainlink sees shift in momentum but it must clear this key level to move upward
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Chainlink established the $17.4 level as support and has tested it in search of buyers multiple times. Even though the price broke well beneath this level in the sell-off event of 4 December, it can be said that buyers have held this level of support pretty well.
The momentum has now flipped in favor of the bulls, and the $20.8 level has also been flipped to support. Ahead, the $23-$24 area could halt LINK’s advance.
Source: LINK/USDT on TradingView
The $23 area (lower red box) was a place where LINK had two significant bounces off since October. Above it, the $28 zone also represented a hurdle for the bulls. The flip of $20.8 was encouraging, but over the next few days, LINK has to climb past $23 as well.
A rejection around $23, followed by
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