Chainlink May Soon Set New All-Time Highs Once It Breaks This Key Level

Its price has surmounted multiple key resistance levels that have slowed its ascent in the past, and it is now only a stone’s throw away from setting fresh all-time highs. One trader is now emphasizing the importance of this price level, noting that a break above it could catapult Chainlink up to fresh all-time highs, potentially opening the gates for a move into the mid-$20.00 region.

Chainlink Nears Crucial Resistance Level  At the time of writing, Chainlink is trading up just under 3% at its current price of $15.65. Analyst Claims LINK Could Soon Set Fresh Highs, Once a Key Level is Broken One trader explained in a recent tweet that Chainlink could be on the cusp of rallying up to fresh all-time highs, with $16.00 being the last key resistance level that it needs to flip into support.

Timeline of Chainlink