Chainlink (LINK) Price at Make-or-Break Moment: Will Support Hold Before the Next Move? Analyst Weighs In

Chainlink is at a turning point right now. Traders are watching to see if it can stay above an important support level before moving again.

Chainlink (LINK) is at a make-or-break moment right now, with traders watching to see if it can stay above an important support level before moving again.

The Chainlink price has been in an uptrend for some time now, moving up and down inside clear boundaries.

Crypto analyst AMCryptoAlex posted on X about LINK’s current setup, predicting a retest of the $10–$11 level before a bottom forms.

Despite this short-term dip, the analyst remains bullish, suggesting that LINK’s price could still be on track to hit $100 this cycle.

Chainlink Key Levels to Watch

As highlighted in the chart above, Chainlink has been trading inside an ascending channel for a while now. The lower trendline of this channel acts as key support, meaning the price has historically bounced off this level before moving higher.

On the flip side, the upper trendline has been a resistance zone, where LINK’s price tends to pull back after big rallies.

Recently, the price hit the $28–$30 resistance cluster before taking a sharp dive back toward support.

Now, LINK’s price is approaching the $10–$11 area, a level that aligns with both past price action and the lower boundary of the channel.

If buyers step in here, we could see a reversal to the upside and a continuation of the uptrend. However, if this level fails, there could be more downside ahead.

At the moment, LINK is showing some signs of strength, with buyers stepping in near support.

If it manages to hold this level, there’s potential for a move back toward $25–$30 in the coming weeks.

However, if Chainlink’s price breaks below $10, it could mean a deeper correction before another rally.

So far, though, market sentiment remains positive, with many traders still eyeing much higher targets in the long run.

If Chainlink can stay above this critical support zone and rally again, the next big round number to watch on the upside is $25. A break above this level could open the door for a move toward $30 and potentially even higher in the next major bull market.

Despite the short-term uncertainty, LINK’s bigger picture still looks bullish. It has bounced off this trendline multiple times before, and if history repeats itself, it could be setting up for a strong move upward.

For now, all eyes are on whether the price of LINK can stay above $10–$11. If it does, the next stop could be $25–$30—and beyond that, some analysts still believe it could hit $100 this cycle. But if support gives way, a deeper correction might be in store before the next major leg up.

Either way, this is a moment worth watching for Chainlink holders.