Chainlink Trading at $13.20 as Weekly Indicator Signals Buy

Chainlink (LINK) is experiencing significant downward pressure, trading at $13.20 amid broader market weakness and macroeconomic uncertainty. Key points include:

LINK is down over 55% from its December high of around $30.
The $13.20 support level is critical; analysts warn a break below this could lead to further declines.
Top analyst Ali Martinez highlights this level as a potential launchpad for recovery if maintained.
Current market conditions are influenced by geopolitical instability and tariff announcements affecting global economies.
A buy signal has been indicated by the TD Sequential indicator at the $13.20 trendline.
Bulls need to reclaim resistance above $16 to shift momentum, with $17 marking a return above important moving averages.

The next few days will be pivotal in determining whether LINK can stabilize or face deeper losses.