The post Chainlink at a Critical Technical Level: Will LINK Break Above $20 or Face a Deeper Pullback? appeared first on Coinpedia Fintech News
Chainlink (LINK) price is trading in a tight price range after a strong recovery from recent lows, placing the asset at a decisive zone where momentum is likely to expand. Price has repeatedly defended the same demand area, while sellers have failed to push LINK into a sustained breakdown—often a sign of an upcoming directional move. If buyers regain control, a rally toward the $20–$22 zone could unfold. However, failure to hold current levels may expose LINK to a sharp pullback toward $12–$10.
Chainlink (LINK) Price Analysis
Chainlink’s price has shown notable resilience since rebounding from the $11 region, which has now emerged as a critical support zone for bulls to defend. Despite elevated intraday volatility, sustained buying momentum has failed to push LINK decisively above $15, keeping the price trapped within a narrow range. This stalemate, however, appears deliberate rather than weak. Price fluctuations are gradually compressing while trading activity remains stable, often signaling quiet accumulation beneath the surface.
The current market structure points toward an imminent breakout, though the broader technical picture remains mixed.
Chainlink is currently stabilizing above the $13.25 support zone after a prolonged decline, indicating that selling pressure is beginning to ease. The price has repeatedly defended this level, while buyers are preventing a breakdown toward the stronger support near $11.89. However, upside progress remains limited as buying activity stays muted, keeping LINK capped below the $15 region. The narrowing price range shows that volatility is compressing, a phase that often precedes a sharp move. The next direction will depend on whether buyers step in with stronger volume or sellers regain control.
Will the LINK Price Reach $20 This Month?
The next major move for Chainlink depends on how the price reacts around the current consolidation range. A sustained push above the $15–$16 zone with increased participation could shift momentum in favor of the bulls, opening the path toward $18 and eventually the $20 level. However, if the LINK price fails to hold above $13.25 and breaks below the key support at $11.89, downside risk would increase sharply, with a move toward the $10 zone becoming likely. Until one of these levels gives way, the price is expected to remain range-bound and volatile.