Published: Jan 16, 2026 at 23:24
Chainlink’s (LINK) price has remained positive, rising above the moving average lines.
LINK price long-term analysis: bullish
The cryptocurrency is trading in a narrow range above the moving average lines but below the resistance level of $15. In the previous price movement, the altcoin traded above the $11 support but below the $15 resistance. The LINK price is likely to rise as it trades above the moving average lines. If buyers break through the resistance at $15, LINK’s price will rise to $17 or higher. The positive momentum will continue up to the high of $19.
However, if the altcoin falls below the moving average lines, the bullish scenario is invalidated and it will revert to its previous low of $11.77. The altcoin is trading at $13.61.
Technical indicators:
LINK price indicators reading
The price is above the horizontal moving averages. The upward trend has been hampered by the resistance at $15. On the 4-hour chart, the moving average lines are sloping upwards, but the price bars are sandwiched between them. This suggests that the LINK price will be forced to fluctuate within a range for a few days.
What is the next move for LINK?
The LINK price has continued to rise above the $13 support. On the 4-hour chart, the price is trading above the 50-day SMA support but below the 21-day SMA resistance. When the moving averages are breached, the cryptocurrency will trend in either direction. Meanwhile, the price remains steady between the moving average lines.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/chainlink-remains-range/
