Chainlink continues the conflict under the $ 15 barrier .. These are the most prominent technical levels

Despite its remarkable performance in some periods of this year, Chainlink is still difficult to maintain a stable ascending trend in recent months. After its rise from nearly $ 13 to less than $ 16 in the first half of June, it quickly fell sharply to record a bottom at $ 11.2 on June 22 before the rewindation returns above the level of $ 13.

Severe resistance about $ 15

The famous analyst “Ali Martinez” indicated through the X platform that the currency faces a strong resistance barrier in a range of 14.88 to 15.32 dollars, a level that intersects with the average cost of purchase for a large number of investors, and this type of analysis is used to determine the strength of price levels as support or resistance depending on the size of the currencies purchased in those areas.

According to the data, about 10,440 titles bought more than 89.63 million LINK currencies at an average price of $ 15.12, equivalent to more than 1.36 billion dollars and therefore these investors are likely to sell what they own as soon as the price returns to this level to reduce their losses or earn profits, which imposes a declining pressure on the price and difficult to penetrate this area.

A possible support above $ 13

On the other hand, “InTotheblock” data shows that there is a strong support zone between 12.87 and 13.26 dollars, as more than 20,000 investors purchased approximately 54 million Link at an average of $ 13.05, and when returning to this range, these investors are likely to defend their sites by rebelling, which may keep the price at the highest support.

A quick look at the currency performance

Currently, Chainlink is trading at about $ 13.16, a decrease of approximately 4% over the past 24 hours, and the price movement remains confined within the scope of relatively narrow fluctuation pending a clear fracture of one of the two directions.