Over the course of last month, Chainlink (Link) struggled under the morale of the descending market. The original has seen a steady decrease in value, with prices sliding without the main support levels.
This declining trend raised questions among investors about the possibility of a recovery and whether the recent transformations in the network activity may indicate a possible recovery. As LINK's performance stumbles, some analysts enter to evaluate its course and what may come after that.
Outlook analyst on ChainLink
Ali, a famous encryption analyst, recently shared his view on the current Chainlink site. Shedding light on the decrease in prices by approximately 40 % during the past month in the price of Chainlink series, Ali noticed a decrease in the network that may indicate a decrease in activity.
He pointed out that LINK's MVRV ratio – an indication of profitability for new traders – is currently sitting in a 16 % loss, a level that has a historical preceding a temporary stopping in the sale of pressure.
This clouds are also reflected in the MVRV ratio, which tracks trading profitability. Now, those who bought #connection In the past thirty days, it sits in a average loss of -16 %.
This is the level that historically carries the sale of fatigue.https://t.co/wqhxohpqas
Ali (ali_charts) February 19, 2025
This scale, along with the growth of the growing whale, indicates a complex image where the short -term pain can lead to a long -term chance.
However, despite the prevailing market conditions, there are signs of renewed interest among the main investors. He highlighted that the whales have gained a link more than $ 20 million in just 24 hours, which allows a possible shift in the feeling.
As for the sure apostasy, he suggested that the link should be separated from the $ 19 brand to target $ 23.70. However, he also warned that if LINK fails to maintain its current support near $ 15.50, he may follow a deeper correction.
Expectations for the link
Another analyst, known as Crypto Elite, presented a more optimistic look. According to ELITE, the Tahlami trend was broken for a long time for Chainlink that started in 2021 recently, providing a basis for future gains.
Elite has set the price of the price at $ 53, 100 dollars, and up to 144 dollars, indicating that the current stage may represent the early stages of a major upward step.
Chainlink is preparing for an enormous movement!
The declining trend was finally broken, and we keep it vigorously.
The goals I see closely:
$ 53
$ 100
$ 144
The momentum is a building – start for the next!$ #connection #connection $ pic.twitter.com/rvotnxisav
– Cryptoelltes (Cryptools) February 7, 2025
It is worth noting that the coming weeks will be crucial for Chainlink because they are trying to stability and perhaps restore the lost land. It would be useful to see closely to see if LINK can carry the main support levels, maintain the interest of the whale, and in the end climb the axial resistance points in the past
A distinctive image created with Dall-E, the tradingView chart
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