After a 5-month decline, Chainlink shows signs that this correction may be coming to an end. However, to confirm a true reversal, the price needs to hold above $15 to be considered valid.
Many altcoins are currently in a similar situation—hovering near key support levels, waiting for a breakout signal. Interestingly, only Bitcoin and a few other projects have made decent breakthroughs so far. Most tokens are still in the bottoming phase, with investors waiting for a clear direction confirmation.
This kind of divergence pattern is quite common. Strong coins break out first, while weaker ones need more time to build momentum. For traders, watching whether LINK can hold the $15 line is crucial—it could serve as a key indicator for whether the entire altcoin season is truly beginning.
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After a 5-month decline, Chainlink shows signs that this correction may be coming to an end. However, to confirm a true reversal, the price needs to hold above $15 to be considered valid.
Many altcoins are currently in a similar situation—hovering near key support levels, waiting for a breakout signal. Interestingly, only Bitcoin and a few other projects have made decent breakthroughs so far. Most tokens are still in the bottoming phase, with investors waiting for a clear direction confirmation.
This kind of divergence pattern is quite common. Strong coins break out first, while weaker ones need more time to build momentum. For traders, watching whether LINK can hold the $15 line is crucial—it could serve as a key indicator for whether the entire altcoin season is truly beginning.