Chainlink Breaks Out From Bearish Structure But

Last updated: June 9, 2025, 10:52

Chainlink Breaks Out From Bearish Structure But

The critical ascending support line

The critical ascending support line which Chainlink price broke down recently indicated that its previous bullish trend could have transitioned towards a full bearish season.

Identifying critical support and resistance levels, Chainlink is currently on a bearish path, heading toward the $12.44 support level. If the price breaks and closes below

Examining why Chainlink's breakout fizzled out right

Chainlink

Chainlink (LINK) has been gaining attention in the cryptocurrency space after breaking out of a long-standing bearish trend. On Ma, the altcoin surged

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Over the weekend

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Over the weekend, Chainlink’s price broke out of the upper trendline of the falling wedge and validated the bullish breakout. Amid the breakout, CCN observed that the

Chainlink also broke down from a short-term ascending support trend line (dashed), losing its bullish structure. Another sign of a bearish trend is the upward movement

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Chainlink breaks out from bearish structure, but