The TD Sequential indicator has flashed a buy signal for Chainlink’s $LINK on its 4-hour chart. This development suggests that the cryptocurrency could be primed for a rebound if it successfully defends its key support level at $26.8. Analysts believe this technical signal could pave the way for $LINK to target price levels around $28.5 and potentially $30.2.
According to Ali Martinez,The TD Sequential indicator is a widely used tool for spotting trend reversals and identifying points of exhaustion in price movements. On Chainlink’s 4-hour chart, this indicator has now issued a buy signal, signaling a possible turning point for $LINK after its recent downward trajectory.
The TD Sequential works by tracking a series of candles and generates signals when conditions align for a potential price reversal. In this case, the appearance of a buy signal indicates that selling pressure may be losing strength, creating an opportunity for bulls to regain control.
This signal has arrived as $LINK tests a critical support level, amplifying its importance. Historically, similar signals have marked local bottoms, lending optimism to traders that $LINK could stage a recovery from its current position.
$26.8 Support Key as Traders Eye Rebound
Chainlink is trading near $26.8, a critical support zone that has served as a significant price floor in recent sessions. This level is pivotal for confirming the buy signal from the TD Sequential indicator. If $LINK holds above this support, it could signal renewed buying interest and establish a base for an upward move. The immediate focus remains on whether this level will act as a springboard for the price to recover. A successful hold could drive Chainlink’s price toward its next resistance zones at $28.5 and $30.2, areas that are key to confirming further bullish momentum.
On the other hand, if the $26.8 support fails, it could invalidate the bullish signal and lead to further downside for $LINK, with traders likely looking for lower support zones.The current buy signal comes amid heightened volatility in the cryptocurrency market. Chainlink, like many other altcoins, has faced significant selling pressure in recent days. Broader market trends, driven by Bitcoin and Ethereum price action, continue to influence the sentiment surrounding altcoins.
Despite the recent pullback, Chainlink’s underlying fundamentals remain strong. The project’s decentralized oracle services continue to see adoption, positioning it as a key player in the blockchain ecosystem. Long-term holders remain optimistic, but short-term movements are largely driven by technical signals and overall market sentiment.
The TD Sequential buy signal reflects a temporary stall in selling activity, suggesting that bears may be losing momentum. Whether buyers can capitalize on this and trigger a rebound will depend on their ability to hold above the key $26.8 support. As Chainlink hovers around this critical juncture, traders are watching closely for signs of confirmation. A successful rebound from $26.8 would indicate that the TD Sequential signal is holding strong, providing confidence for buyers to push the price toward higher resistance zones.
If $LINK manages to reclaim levels like $28.5 and $30.2, it would signal a shift in momentum back toward the bulls. These levels represent important technical hurdles that could define the strength of any recovery. However, if the $26.8 support fails to hold, traders may shift their focus to lower price zones, looking for the next area of stability. In such a scenario, the buy signal would likely be deemed invalid, and bearish sentiment could intensify.
The TD Sequential buy signal on Chainlink’s 4-hour chart offers a potential opportunity for a price reversal if key support at $26.8 holds. Traders are cautiously optimistic as $LINK tests this critical level, with upside targets of $28.5 and $30.2 within reach if bullish momentum picks up.
The coming hours will prove crucial for Chainlink’s short-term outlook. As the broader cryptocurrency market continues to exhibit volatility, $LINK’s ability to defend its support and rally will determine whether the TD Sequential signal translates into a sustained recovery.
