Reason to trust
Strict editorial policy which focuses on precision, relevance and impartiality
Created by industry experts and meticulously revised
The highest standards in the declaration and publishing
Strict editorial policy which focuses on precision, relevance and impartiality
Leo football price and a little soft players. Each Arcu Lorem, ultimate all children or, Ultlamcorper football hates.
The chain’s price experienced its fair share of the difficulties of the beginning of 2025, falling to a new hollow just above the level of $ 12 earlier this week. Altcoin had to face the widespread lower pressure and the worsening of investors’ feeling in the general cryptography market.
Presentation of channel prices
On Tuesday, March 11, the price of the chain succumbed to the drop-down pressure at the market scale which saw the largest cryptocurrency that Bitcoin reached $ 77,000 for the first time in more than four months. Other large capitalization assets have also undergone this recent slowdown in the market, with the Ethereum price also decreases under $ 2,000.
Related reading
Chainlink’s price seems to be recovering well in recent days, playing a game for $ 15 on Friday, March 14. In a demonstration of strong resurgence, Altcoin ranked one of the best daily winners with a positive performance of almost 10% of the day.
After initially crossed $ 14.5 earlier during the day, the price of the chain returned to the psychological level of $ 14. To date, the price of the link amounts to around $ 13.83, reflecting an increase of almost 6% in the last 24 hours.
This day’s performance, however, was not enough to wipe the loss of Altcoin on the weekly time. According to Coingecko data, the The price of the link is down more than 13% in the last seven days.
Can the price of the link increase to $ 16?
While the fortune of the chain link price seems to change, a Special price level could be crucial for its long -term trajectory. In an article on X, the popular analyst of cryptography Ali Martinez offered an overview of the crucial chain levels for the link price.
This analysis revolves around the basis of the average cost of several liaison investors. In the analysis of basic costs, the capacity of a level to serve as support or resistance depends on the total amount of parts purchased for the last time by investors in the region.
As shown in the above graph, the point size represents and directly corresponds to the number of liaison tokens acquired in a price range – while reflecting the force of each level. Based on this analysis, Martinez noted that the price of the chain is faced with major resistance around the region of $ 14.88 to $ 15 where 15,450 investors bought 107.28 million liaison tokens (worth $ 1.62 billion at an average price of $ 15.13).
The high activity of investors led to the formation of a supply barrier around the region of $ 15.13. The price of the chain is likely to attend a significant sale pressure due to investors wishing to sell their tokens after having returned to their cost baseEntering price increases and leading to a retreat from prices.
However, it should be noted that no significant level of resistance is beyond this price region of $ 15.13. Consequently, investors could see the price of the link climb up to $ 16 if it successfully crosses the level of resistance of $ 15.
Related reading
Felash star image, tradingView graphic
