Assessing where LINK can head next

Assessing where LINK can head next

Is this a prime opportunity for Chainlink’s price to bounce back strongly and go higher?

Chainlink hovered near $13.15 after a 15% drop, testing a support zone that sparked earlier rallies.

Price action remained locked in a descending trendline, with traders eyeing a breakout or a 20% decline.

Chainlink [LINK] dropped over 15% in the past week, but during press time, it landed on a key price level that could spark a bounce.

The sell-off caught the attention of analysts and investors, many of whom are betting on a rebound, though not all agree on what comes next.