Chainlink (LINK) is at a Very Critical Turning Point! The Analysis Company Shared What is Needed for a Bullish Turn.

The cryptocurrency analysis firm MakroVision evaluated Chainlink and summarized the key technical levels that could determine the token's next major movement.

After reaching a local peak in December, LINK faced significant selling pressure. However, according to the analytics firm, a new structure is now forming over a broader time frame, indicating a potential shift in momentum.

The analysis company identified the following important levels to watch for the LINK price:

• 16.5 – 17.3 dollars: The current testing area aligns with previous support and intersects with the downtrend line.
• 20.2 – 21.7 dollars: A strong resistance area, breaking above this level could open the way for LINK to its upper trading range.
• 12.6 dollars: An important support level indicating the upward trend line. Holding this level could be a sign of a bullish trend.

At the time this article was written, the LINK price is trading at $14.34.

According to the analysis company, Chainlink is currently at a crossroads balancing between structural support and a potential breakout. The range around 17 dollars continues to be a key short-term turning point that could determine whether LINK will continue its upward trend.