{"id":161299,"date":"2025-06-29T17:00:12","date_gmt":"2025-06-29T14:00:12","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=161299"},"modified":"2025-06-29T11:35:27","modified_gmt":"2025-06-29T08:35:27","slug":"chainlink-bounces-from-key-support-eyes-breakout-from-downtrend","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/chainlink-bounces-from-key-support-eyes-breakout-from-downtrend\/","title":{"rendered":"Chainlink Bounces From Key Support, Eyes Breakout From Downtrend"},"content":{"rendered":"
The company noted that LINK is showing an upward reaction from its strong support area at around $11, which it interprets as the first positive signal.<\/p>\n
According to the analyst firm, last week LINK retested the old downtrend channel (green) and the obvious $11 support. The overlap of these two technical elements created a strong support cluster.<\/p>\n
The upward movement from this level continued with an impulsive (sudden and strong) rise above the $12.70 level. This situation points to a possible V-bottom formation and carries a bullish signal. According to analysts, the $12.60\u2013$12.90 range is being followed as a new support zone in the short term.<\/p>\n
<\/p>\n
The chart illustrates this structure with clearly drawn green and blue trend channels, alongside horizontal support levels. LINK\u2019s latest bounce from the $10.90 zone coincides with the lower green trendline and a horizontal support cluster. The price then surged past the $12.60 line, testing the lower boundary of the blue downtrend channel. These confluences suggest a technical pivot point is in play.<\/p>\n