Solana

Read

Chainlink

Rekt

<p>Chainlink’s native token LINK continues holding above what analyst Ali deems an essential support zone, but it faces pressure to maintain this floor after an undesirable weekly close per Rekt Capital. A failure to hold these levels risks breakdown, while preservation may enable a recovery.</p>
<p>According to <a href="https://twitter.com/ali_charts/status/1727218348017308090" target="_blank" rel="noopener noreferrer nofollow">Ali</a>, nearly 11,470 LINK wallets currently contain positions averaging 25.3 million LINK within the demand region between $13.80 and $14.20.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="372" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-548-1024x372.png" alt="" class="wp-image-382318" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-548-1024x372.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-548-300x109.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-548-765x278.png 765w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-548-1536x558.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-548-2048x744.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-548-413x150.png 413w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-548-100x36.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-548-964x350.png 964w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-548-788x286.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-548.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Rekt Capital <a href="https://twitter.com/rektcapital/status/1727086739766878263" target="_blank" rel="noopener noreferrer nofollow">notes</a> LINK did successfully defend support last week after briefly dipping below. However, the weekly candle close below the pivotal $14 mark presents some caution. Additionally, the vital area Ali spotlights must now function as a springboard, given its breakdown in the interim.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="726" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-1024x726.png" alt="" class="wp-image-382326" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-1024x726.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-300x213.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-767x544.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-1536x1089.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-2048x1452.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-494x350.png 494w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-549-788x558.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-549.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>If LINK fails to reclaim levels surrendered last week on the retest ahead, Rekt Capital warns it could lose momentum for further upside. Preserving support is paramount to sustaining bullish hopes.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/solana-sol-price-takes-a-well-deserved-breather-after-explosive-200-rally-but-bulls-remain-in-control/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL) Price Takes A Well-Deserved Breather After Explosive 200% Rally, But Bulls Remain In Control</a></li>
 <li><a href="https://captainaltcoin.com/binances-implosion-proves-decentralized-is-safer-as-ftx-collapse-is-happening-again/" target="_blank" rel="noopener noreferrer nofollow">Binance’s Implosion Proves Decentralized is Safer as FTX Collapse is Happening Again</a></li>
 <li><a href="https://captainaltcoin.com/the-battle-of-memes-wall-street-doge-killer-and-the-gamestop-memes/" target="_blank" rel="noopener noreferrer nofollow">The Battle of Memes: Wall Street, Doge Killer, and the GameStop Memes</a></li>
</ul>
<p>In summary, while Chainlink evaded the worst-case drop thus far, its guarded state remains fragile to tilting sentiment. Two crypto analysts convey the importance of $14 as LINE maintains a delicate balance at make-or-break thresholds.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/chainlink-stands-at-crossroads-after-defending-crucial-support-link-could-retest-lows-if-this-support-fails/" rel="noopener noreferrer nofollow">Chainlink Stands at Crossroads After Defending Crucial Support, LINK Could Retest Lows If This Support Fails</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Chainlink Stands at Crossroads After Defending Crucial Support, LINK Could Retest Lows If This Support Fails

Table of Contents

CaptainAltcoin

Other articles published on Nov 22, 2023

Top 10 Cryptocurrency Picks To Own Over the Next 12 Months: Deaton

FTX Token skyrockets over 40% as Binance faces legal battle

Ethereum Price Shows Signs of Recovery Amidst Market Uncertainty

Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends

$225 million in liquidations as Binance faces turmoil with CEO exit

Changpeng Zhao Granted Bail at $175M, What Awaits Him in February’s High-Stakes Sentencing?

Join our free newsletter for daily crypto updates!