Chainlink (LINK) Price Prediction May 2025: Will LINK Break $16 or Slip Below $13?
Chainlink (LINK) enters May 2025 trading near the $14.70 level, attempting to stabilize after a volatile April. Despite breaking out of a descending trendline, LINK continues to face significant resistance near $15.10–$15.25. The price action across daily and intraday charts signals a potential breakout or breakdown, depending on how key support zones hold in the coming weeks.
Weekly Chart: Testing 0.618 Fibonacci Support
LINK is currently hovering near the 0.618 Fibonacci retracement level at $14.71, drawn from the $30.92 high to the $8.12 low. This zone has historically been a pivot for strong reversals. The bullish attempt to defend this level could provide the base for a rally towards the 0.5 Fib level at $19.52.
- Support at $13.80–$14.00 has been tested multiple times.
- Resistance remains near $16.80 (0.618 Fib).
A weekly close above $16.80 could push LINK toward the $19.50 and $22.20 zones. However, failure to hold $14.00 might expose the token to a drop towards $13.00 and possibly even $10.80 (historical support).
Daily Chart: Descending Trendline Breakout, but Hesitation Persists
The post Chainlink (LINK) Price Prediction May 2025: Will LINK Break $16 or Slip Below $13? appeared first on Coin Edition.
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Chainlink (LINK) Price Prediction May 2025: Will LINK Break $16 or Slip Below $13?
Chainlink (LINK) enters May 2025 trading near the $14.70 level, attempting to stabilize after a volatile April. Despite breaking out of a descending trendline, LINK continues to face significant resistance near $15.10–$15.25. The price action across daily and intraday charts signals a potential breakout or breakdown, depending on how key support zones hold in the coming weeks.
Weekly Chart: Testing 0.618 Fibonacci Support
LINK is currently hovering near the 0.618 Fibonacci retracement level at $14.71, drawn from the $30.92 high to the $8.12 low. This zone has historically been a pivot for strong reversals. The bullish attempt to defend this level could provide the base for a rally towards the 0.5 Fib level at $19.52.
- Support at $13.80–$14.00 has been tested multiple times.
- Resistance remains near $16.80 (0.618 Fib).
A weekly close above $16.80 could push LINK toward the $19.50 and $22.20 zones. However, failure to hold $14.00 might expose the token to a drop towards $13.00 and possibly even $10.80 (historical support).
Daily Chart: Descending Trendline Breakout, but Hesitation Persists
The post Chainlink (LINK) Price Prediction May 2025: Will LINK Break $16 or Slip Below $13? appeared first on Coin Edition.
Read More
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