Chainlink remains above the $12 support level, indicating a potential move towards the $18 to $20 range, as highlighted by analysts.
Analysts note the significance of Fibonacci retracement levels, with the current price near the 0.5 retracement level, signaling potential resistance zones at $18 and $20.
Crypto commentator @CryptoJobs3 sets a long-term target of $100 for Chainlink, citing increasing momentum and strong fundamentals, contributing to growing optimism in the crypto community.
Despite recent volatility, traders are optimistic about Chainlink's potential, with continued support from technical levels and community sentiment. Maintaining stability above $12 could lead to a move towards $18 to $20, supported by technical signals and Fibonacci zones.