Chainlink: How long can bulls defend LINK’s $11.90 support?

ambcryptoPublicado a 2026-01-23Actualizado a 2026-01-23

Resumen

Chainlink (LINK) is showing signs of a potential bullish rally, with traders eyeing a key support level at $11.90. A hold above this historically significant zone could trigger a 15% upward move toward $14. This optimistic outlook is supported by strong long-leveraged positions, a 26% surge in trading volume, and Chainlink’s leading position in DeFi development activity, which boosts long-term investor confidence. Despite trading below the 50-day EMA, past trends suggest an upside is possible. Derivatives data indicates strong bullish sentiment, with traders heavily betting against a drop below $11.88.

As sentiment begins to shift following U.S. President Donald Trump’s removal of tariffs on European countries, Chainlink [LINK] is now eyeing a strong upside rally.

This bullish outlook is further reinforced by traders’ strong conviction in long-leveraged positions, favorable price action, and Chainlink’s position as one of the top DeFi projects in terms of development.

Recently, on-chain analytics firm Santiment disclosed that Chainlink topped DeFi projects in terms of development activity.

This suggests that Chainlink’s developers are more active than those of other DeFi projects, indicating the protocol is continuously being built and improved, with stronger security and reliability.

This level of development activity strengthens investors’ long-term confidence in the project.

On the 22nd of January, LINK was trading at $12.40, up 1.05% over the past 24 hours. Despite this modest gain, traders have shown strong interest in the asset, as trading volume jumped 26% to $522.29 million.

Chainlink: Price action and upcoming levels

LINK, on the daily chart, appeared to be hovering near a strong key support at $11.90 at the time of writing. This level has a solid history of price reversals and has been respected since November 2025.

During this period, LINK has recorded more than four reversals from this zone and now appears poised to repeat its historical behavior once again.

Based on the current price action, if LINK holds above the $11.90 level, as it has in the past, it could see a strong 15% upside move and may reach the $14 level in the coming days.

As of the time of writing, LINK remained below the 50-day Exponential Moving Average (EMA), which suggests that bearish momentum remains intact, and the price could face continued downside pressure in the near term.

However, in the past, when LINK traded below the 50 EMA, it still recorded upside moves. It will be interesting to see whether history repeats itself this time.

Traders eye long-leveraged positions

At the same time, intraday traders appeared to be following historical trends, as bets on long-leveraged positions continued to rise, according to derivatives data from CoinGlass.

LINK’s Exchange Liquidation Map showed that traders were heavily over-leveraged at $11.88 on the lower side (support) and $12.72 on the upper side (resistance).

At these levels, traders have built $7.81 million worth of long-leveraged positions and $2.08 million worth of short-leveraged positions.

This clearly indicates that intraday traders are currently bullish on LINK and strongly believe the asset is unlikely to fall below the $11.88 level anytime soon.

Final Thoughts

Chainlink looks poised for a 15% upside move if it sustains above the key support level of $11.90.
Intraday traders’ bullish bets, the recent removal of tariffs on European countries, and strong DeFi development activity further reinforced LINK’s bullish outlook.

Preguntas relacionadas

QWhat is the key support level for Chainlink (LINK) mentioned in the article, and why is it significant?

AThe key support level for Chainlink is $11.90. It is significant because it has a solid history of price reversals, with more than four reversals from this zone since November 2025, indicating it is a strong level where buyers have historically stepped in.

QAccording to the article, what could be the potential price target for LINK if it holds above the $11.90 support?

AIf LINK holds above the $11.90 support level, it could see a strong 15% upside move, potentially reaching the $14 level in the coming days.

QWhich on-chain analytics firm reported that Chainlink topped DeFi projects in development activity, and what does this indicate?

AOn-chain analytics firm Santiment reported that Chainlink topped DeFi projects in development activity. This indicates that Chainlink's developers are more active than those of other DeFi projects, suggesting the protocol is continuously being built and improved, which strengthens long-term investor confidence.

QWhat does the derivatives data from CoinGlass reveal about trader sentiment towards LINK?

ADerivatives data from CoinGlass reveals that intraday traders are bullish on LINK. The data shows traders have built $7.81 million worth of long-leveraged positions compared to $2.08 million in short-leveraged positions, indicating a strong belief that the asset is unlikely to fall below the $11.88 support level soon.

QWhat macroeconomic event is cited in the article as contributing to a shift in market sentiment that benefits Chainlink?

AThe macroeconomic event cited is U.S. President Donald Trump’s removal of tariffs on European countries, which contributed to a shift in market sentiment and reinforced Chainlink's bullish outlook.

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Cómo comprar LINK

¡Bienvenido a HTX.com! Hemos hecho que comprar ChainLink (LINK) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar ChainLink (LINK) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu ChainLink (LINK)Después de comprar tu ChainLink (LINK), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear ChainLink (LINK)Tradear fácilmente con ChainLink (LINK) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

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Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de LINK (LINK).