Given the strength of the resistance level 9.080, strong daily downtrend and the predominantly bearish sentiment that can be seen across the cryptocurrency markets today, Chainlink cryptocurrency can be expected to fall to the next support level 7.375 (which stopped the previous impulse wave v at the start of February).
- Chainlink reversed from resistance level 9.080
- Likely to fall to support level 7.375
Chainlink cryptocurrency recently reversed up from the resistance area located between the key resistance level 9.080 (former support from the end of January, as can be seen from the daily Chainlink chart below) and the lower trendline of the recently broken down channel from November (acting as the resistance after it was broken previously). The downward reversal from this resistance area stopped the previous minor correction iv which belongs to the impulse wave 3 from October of 2025.
Given the strength of the resistance level 9.080, strong daily downtrend and the predominantly bearish sentiment that can be seen across the cryptocurrency markets today, Chainlink cryptocurrency can be expected to fall to the next support level 7.375 (which stopped the previous impulse wave v at the start of February).
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