The post LINK Breakdown or Bounce? Key Level Signals 10% Move appeared on BitcoinEthereumNews.com.

Key Insights: LINK trades below key trendline; downside targets at $9.96 and $7.73 if weakness continues. Bullish setup valid above $12.25, targeting $13.62 if price holds short-term support. MACD turns bearish as momentum fades, aligning with recent trendline breakdown and price rejection. LINK Breakdown or Bounce? Key Level Signals 10% Move Chainlink (LINK) was trading at $12.26, down over 5% in the past 24 hours. Over the last seven days, the price has declined by more than 14%. The current level puts LINK below its 9-day simple moving average of $13.48, reflecting continued selling pressure. On the daily chart, the trend shows a steady decline. Lower highs and lower lows have formed since early November. The MACD indicator supports this trend. The MACD line is below the signal line, and the histogram has shifted into negative territory. This points to a loss of momentum after a short recovery earlier in the month. Source: TradingView Bullish Setup from Timmi Arno Timmi Arno shared a short-term chart showing a possible bullish pattern. The setup appears to follow a two-leg correction, with a midpoint and a potential turning point near the $12.25 level. The chart includes a key trendline and moving averages, where price was holding. According to Timmi Arno,  “If price holds above this level, I’m targeting +10% on spot. If it breaks below, I’ll switch to a short.”  Source: Timmi Arno/X The upside target is $13.62, which is about 10% above the price. The key to this outlook is that support must hold. If price breaks lower, the pattern fails, and a move downward could follow. This strategy is structured around price behavior at a critical level, with a defined exit plan depending on which direction the price moves. Trendline Break on the Daily Chart A separate view comes from analyst…

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Filed under: News - @ December 17, 2025 11:26 pm