news 
Chainlink at Crossroads: Key Levels to Watch for a Breakout
The cryptocurrency market has been tumultuous in recent times, with many assets experiencing substantial price fluctuations. One such asset is Chainlink (LINK), which has found itself at a critical juncture.
As the market continues to navigate this uncertainty, investors are increasingly turning their attention to LINK’s price action. The digital currency has recently registered a notable retracement, leading some traders to speculate about its near-term direction.
A key level for LINK is the $24.05 resistance mark. Should the asset manage to breach this barrier, it could pave the way for a sustained rally towards the $28-$30 region, representing a potential 20-40 percent surge from current levels.
However, should the cryptocurrency fail to overcome these critical resistances, it may be poised for further consolidation or even a breakdown to lower support levels around $16-$17. This is an unsettling prospect, as this level could potentially mark a significant decline of up to 25% from its current value.
In light of these developments, traders are advised to pay close attention to the cryptocurrency’s trajectory over the coming days. The near-term direction of LINK will likely be determined by its ability to overcome $24.05 and $26.05.
Source: cryptotale.org
