- LINK faces resistance near $14.50 as traders monitor whether buyers can regain short-term control.
- The $13.60 level is the key support, and a move below it could turn focus to $12, while $16 is the primary daily level of resistance.
- LINK’s recovery from June lows remains intact, although recent trading shows renewed selling pressure near resistance.
Traders should watch for the price to recover, but it appears to be stumbling at $14.50 and $13.60 as per LINK price. The latest market structure keeps confirmation central before another directional move develops.
CRYPTOWZRD Identifies Key Trading Levels
CRYPTOWZRD stated that LINK closed bearishly on the daily chart. The analyst identified $14.50 as the key intraday level. A break below $13.60 would place the market into bearish territory.
The latest data place LINK at $13.94 during the reported trading session. The token is up 3.07% compared to 24 hours ago. It also has a 0.86% drop in its seven-day performance.
The $12 level was the analyst’s key daily support level for LINK. Meanwhile, $16 remains the main resistance level on the daily chart. A move above $16 would offer better proof of recovery.
Recent market data show continued activity around these technical levels. Trading volume has remained elevated during the latest price movement. That activity comes as LINK consolidates following its recent recovery.
LINK Recovery Builds Above Midyear Lows
LINK previously declined toward approximately $7.30 during June and July. That region later became the foundation for a broader recovery. Price subsequently formed higher lows as selling pressure weakened.
The recovery initially developed around the $8 and $9 regions. LINK later reclaimed $10 before moving toward $11 and $12. The advance strengthened further during September as buyers gained momentum.
Price eventually approached the $15.50 area before encountering resistance. The move toward $16 has since produced renewed selling pressure. The latest daily structure therefore remains subject to confirmation.
The broader chart also shows a break above an earlier descending trendline. That trendline connected several previous lower highs during the decline. Its breakout helped establish the stronger recovery structure seen afterward.
Support Levels Shape the Next Market Move
Holding $14.50 would preserve the stronger intraday structure described by CRYPTOWZRD. A successful move above that level could bring $15.50 back into focus. The $16 region remains the principal daily resistance area.
A move below $13.60 would weaken the current short-term structure. Such weakness could redirect attention toward the $12 daily support. That level remains important for the sequence of higher lows.
The post also noted that LINKBTC requires declining Bitcoin dominance. Without that condition, LINKBTC could continue weakening against broader market conditions. This adds another variable to LINK’s relative performance.
For LINK price, $14.50, $13.60, $12, and $16 remain central. The present structure indicates recovery and new resistance at higher levels. The following confirmed break should help to determine the immediate direction of the market.
