bullish

Resistance

Read

Chainlink

would

<p><strong>Key Insights:</strong></p>
<ul>
 <li>LINK must stay above $16.39 or risk a deeper move toward the $13.35 support zone.</li>
 <li>A breakout above $18.45 and the trendline could confirm bullish continuation toward $21+.</li>
 <li>Failure to hold $15.69 would point to a bearish wave structure gaining control of the market.</li>
</ul>
<figure class="wp-block-image aligncenter size-full">
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  <em>LINK Bulls on Edge: Will $16.39 Support Hold?</em>
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</figure>
<p>Chainlink (LINK) was <a href="https://coincu.com/top-crypto-coins/LINK-price-update" rel="noopener noreferrer nofollow">trading</a> at $17.02 with a 24-hour volume of $868 million. The price has gained 2.5% in the past day but remains down 3.05% over the last week. Market participants are focused on a few key levels as the chart structure develops, with $16.39 standing out as the level that could decide the next move.</p>
<h2 class="wp-block-heading" id="strong-16-39-support-holds-for-now-strong"><strong>$16.39 Support Holds – For Now</strong></h2>
<p><a href="https://coincu.com/analysis/chainlink-breakout-setup-targets-100/" rel="noopener noreferrer nofollow">LINK</a> has found short-term support near $16.39, a level marked by recent price action and the 78.6% retracement of the prior move. According to More Crypto Online, this is where the bullish scenario would remain valid — as long as price stays above this zone. While the level has held, there hasn’t been a strong upside reaction yet.</p>
<p>If the price breaks below this level with momentum, the outlook could shift. The next zone of interest sits closer to $13.35, which aligns with earlier consolidation and a deeper retracement level. The chart structure suggests that this move would be part of a broader corrective wave.</p>
<h2 class="wp-block-heading" id="strong-17-65-to-18-45-remains-key-resistance-strong"><strong>$17.65 to $18.45 Remains Key Resistance</strong></h2>
<p>The immediate resistance zone sits between $17.65 and $18.45, based on measured retracements from the recent high. This area includes multiple Fibonacci levels — 50%, 61.8%, and 78.6% — making it a likely spot for short-term reactions.</p>
<p>More Crypto Online <a href="https://x.com/Morecryptoonl/status/1984293870545285511" rel="noopener noreferrer nofollow">noted</a>:&nbsp;</p>
<blockquote class="wp-block-quote">
 <p>“If price is rejected impulsively from this area, it could indicate that the Z-wave to the downside has begun.”</p>
</blockquote>
<figure class="wp-block-image aligncenter size-large">
 <img src="https://coincu.com/wp-content/uploads/2025/10/image-586-1024x553.png" alt="Source: More Crypto Online/X">
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  <em>Source: More Crypto Online/X</em>
 </figcaption>
</figure>
<p>&nbsp;A failure to move past this range could keep LINK stuck in a larger corrective structure.</p>
<h2 class="wp-block-heading" id="strong-support-below-eyes-15-69-if-breakdown-occurs-strong"><strong>Support Below Eyes $15.69 if Breakdown Occurs</strong></h2>
<p>A separate analysis from Man of Bitcoin focuses on the $15.69 level. The price previously dipped below this zone but quickly bounced. The analyst stated:<em> “A sustained break below $15.69 would suggest that alternative wave-2 is underway.”</em> If that scenario plays out, a move toward $15.03 and possibly lower levels would be on the table.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/Manofbitcoin/status/1984278411511308363
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</figure>
<p>To confirm a bullish reversal, LINK would need to break above the descending trendline visible on the short-term chart. A move through this line would signal that wave 2 may have bottomed and shift the focus to upside targets between $21.10 and $25.33.</p>
<h2 class="wp-block-heading" id="strong-price-trapped-between-key-levels-strong"><strong>Price Trapped Between Key Levels</strong></h2>
<p>At present, LINK was trading between clearly defined support and resistance. Until either side breaks, price movement is likely to remain range-bound. A push above $18.45 would be the first sign of bullish continuation, while a drop under $16.39 or $15.69 would signal growing pressure from sellers.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/?p=373616" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

LINK Bulls on Edge: Will $16.39 Support Hold?

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