$LINK – Weekly outlook

Chainlink is back at a major long-term demand zone around the $8–$9 area a level that has acted as strong support multiple times in the past.

So far, price is respecting this zone, but momentum remains weak on the higher timeframe.

KEY LEVELS TO WATCH:

Support: $8–9 (critical HTF demand)

Resistance: $15–16 (previous range high / supply)

Bullish confirmation: Weekly close above $16 with follow-through

Bearish risk: Clean breakdown below $8 opens lower liquidity zones

Patience is key here. Either we see a strong reaction and structure shift, or the market confirms further downside.

Manage risk. Let price confirm.

NFA | DYOR

LINK

8.52

-0.23%