Chainlink Eyes Break of 15.20 With 16.00 Marked As Key Trend Level

LINK forms a dragonfly doji on the daily chart while price moves near the 15.20 level that shapes short-term direction.

The trendline above the market acts as a major barrier, and a break of this line will point toward the 16.00 zone.

Intraday action shows sharp movement as a drop under 15.20 opens weakness and sideways trade across the lower levels.

Chainlink trades near the 15.20 level after the daily candle forms a dragonfly doji, while LINKBTC shows similar behavior, and both pairs move under a lower high trendline that guides near-term direction, as the chart displays the next resistance at 16.00, which becomes the first major target for any upward move. The structure sets the stage for a key reaction as intraday volatility rises across several sessions.

Daily Structure Shows Trendline Pressure and Key Levels

The daily chart shows LINK moving under a clear descending trendline. This line stretches from the September peak toward the current area. Price trades directly below this trendline as the market waits for a clear break.

A dragonfly doji forms on the daily close. This pattern forms when buyers recover control near the session end. The candle appears in a zone where the market has shown interest across earlier tests.

The 16.00 level sits above the trendline as the next resistance target. The chart marks this level with a thick line across previous reactions. A move toward this zone requires a break of the descending trendline.

Support levels remain visible across the lower part of the chart. The nearest support sits near 12.50, and the next sits near 10.00. These levels reflect earlier reaction areas during summer and early autumn.

Intraday Behaviour Shows Sharp Swings and Local Pressure

Intraday movement shows strong volatility. Price tested the 15.20 area several times within short periods. This level becomes the active barrier that defines short-term trade opportunities.

The chart shows a lower structure forming after October’s drop. Candles cluster tightly near the current range. This cluster signals uncertainty and intermittent bursts of volatility.

A hold above 15.20 keeps the path open toward the trendline. A rejection of 15.20 signals renewed weakness. The chart shows a quick drop during a former session where the price moved under the level with strong momentum.

Sideways action is also possible if 15.20 holds without decisive strength. This scenario appears in the structure from late October, where the price moved between tight bands. That same behavior can return if the level holds but fails to break upward.

Market Focuses on Trendline Break and Reaction Levels

The descending trendline remains the central structure. A confirmed break above the line could send the price toward the 16.00 target. The chart draws an arrow toward this area to show the projected path.

The 20.00 level sits above 16.00 as the next mid-range resistance. This level served as support during the late summer rally. Any move toward that zone depends on strength at 16.00.

Support levels at 12.50 and 10.00 remain important if the price weakens. Lower levels appear on the chart at 9.50, 8.00, 7.30, 6.00, and 5.00. These levels represent historical reaction points captured across earlier months.

The central question becomes whether LINK will hold the 15.20 level long enough to challenge the trendline and reach 16.00.