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<p>Cryptocurrency analysts are split on the potential next price movement for Chainlink’s LINK token over the coming days and weeks. While some are calling for further downside after a breakdown from key support, others are eyeing a potential recovery back towards the top of its recent trading range. This disagreement suggests LINK could see significant volatility with a potential swing of around 15% in either direction.</p>
<p><strong>Breakdown Calls for More Downside</strong><br><a href="https://twitter.com/rektcapital/status/1744007332315464103?t=_gUMXVSI836pXArTxJQy5w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Well-known crypto analyst Rekt Capital</a> highlighted in a recent tweet how LINK has breached several key support levels that could now turn into resistance on any bounce. As he explains: “LINK Confirmed the breakdown from the Rising Wedge. Now potentially in the process of a breakdown from red demand area. Daily Close below red has kickstarted the breakdown process. Rejection from here would flip red box bottom into new resistance.”</p>
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<p>Rekt Capital’s analysis shows LINK trading below what was previously a demand zone between $13 and $15. With LINK closing decisively below this area, he sees scope for lower levels as sellers take control. Flipping the old support into new overhead resistance could lead to a drop of around 15% from current prices near $13 down towards the $11 handle based on his chart.</p>
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<p><strong>Bounce Towards Top of Recent Range </strong><br><a href="https://twitter.com/ali_charts/status/1744015517701021852?t=vPJPxEwMR5qutGdrxkeRZA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Meanwhile, fellow analyst Ali</a> is identifying an upside opportunity for LINK in the near-term based on positive momentum indicators. As Ali details: “The TD Sequential presents a buy signal on the 12-hour chart as LINK trades around the lower boundary of a parallel channel. If validated, LINK could rebound toward $15.2 or $17.3!”</p>
<p>The technical indicator Ali references is flashing an early sign of an impending trend reversal after the recent selloff, signaling scope for a bounce. With LINK appearing oversold around the bottom of its trading range, Ali sees potential for a move back up towards $15-17. That would represent an increase of over 15% from the current price level.</p>
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<p>So while analysts attempt to predict LINK’s next move following the breakdown, the divided opinions point to elevated uncertainty and volatility over the short-term. As Rekt Capital explains, “rejection from here would flip red box bottom into new resistance.” But Ali meanwhile sees signs of a pending recovery fueled by positive momentum divergence. With technicals currently mixed, LINK could still swing either way by around 15% in the coming days until it establishes a clearer directional bias over the intermediate-term.</p>
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<p>The post <a href="https://captainaltcoin.com/experts-disagree-on-chainlinks-link-next-direction-with-potential-15-fall-and-rise-anticipated-from-this-level/" rel="noopener noreferrer nofollow">Experts Disagree on Chainlink’s LINK Next Direction with Potential +15% Fall and Rise Anticipated From This Level</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Experts Disagree on Chainlink’s LINK Next Direction with Potential +15% Fall and Rise Anticipated From This Level

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