{"id":28575,"date":"2026-05-14T12:54:42","date_gmt":"2026-05-14T12:54:42","guid":{"rendered":"https:\/\/bitunikey.com\/news\/chainlink-price-tests-major-s-r-zone-at-10-will-bulls-regain-momentum\/"},"modified":"2026-05-14T12:54:53","modified_gmt":"2026-05-14T12:54:53","slug":"chainlink-price-tests-major-s-r-zone-at-10-will-bulls-regain-momentum","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/chainlink-price-tests-major-s-r-zone-at-10-will-bulls-regain-momentum\/","title":{"rendered":"Chainlink price tests major S\/R zone at $10, will bulls regain momentum?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Chainlink price pulled back this week after facing rejection near a key Fibonacci resistance level, while traders closely watched whether bulls could defend the important support-resistance flip zone near $10.<\/p>\n<div id=\"cn-block-summary-block_b28677799340a633cc7ceff0abdae2de\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Chainlink price retested the key $10.10 support-resistance flip zone after facing rejection near the $10.79 Fibonacci resistance level.<\/li>\n<li>LINK remained above the 0.382 Fibonacci retracement support near $9.93 as the Supertrend and Aroon indicators continued signaling bullish market structure.<\/li>\n<li>Analysts are watching whether bulls can defend the $10 region to sustain momentum toward the next resistance zones near $11.6 and $12.8.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Chainlink (LINK) traded around $10.2 at press time on May 14 after briefly rallying toward $10.8 earlier this week. The token has recovered significantly from its February lows near $7.2, though momentum has started slowing after the latest breakout attempt stalled near the 0.5 Fibonacci retracement level.<\/p>\n<p>The recent rebound in LINK has been supported by improving sentiment across the broader crypto market alongside growing institutional interest in tokenized real-world assets, a sector where Chainlink continues positioning itself as a core infrastructure provider.<\/p>\n<p>Investor sentiment around the protocol also strengthened this week after Chainlink announced new integrations tied to its Cross-Chain Interoperability Protocol and data infrastructure offerings, further expanding its role within the tokenization and decentralized finance ecosystem.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>At the same time, derivatives sentiment has continued improving, with LINK futures open interest and funding rates remaining positive over recent sessions, signaling that traders still maintain a moderately bullish positioning despite the latest pullback.<\/p>\n<p>On the daily chart, Chainlink recently broke above the key 0.382 Fibonacci retracement level near $9.93 before rallying toward resistance around the 0.5 retracement zone near $10.79, where sellers became increasingly active.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Chainlink price is testing a major support\/resistance zone on the daily chart \u2014 May 14 | Source: crypto.news<\/figcaption><\/figure>\n<p>The current pullback now places focus on the important horizontal support-resistance flip zone near $10.10, which previously acted as resistance during the broader consolidation phase before turning into short-term support after the recent breakout.<\/p>\n<p>As long as LINK continues holding above this region, the broader short-term structure remains constructive. A successful defense of the $10 area could allow bulls to regroup for another attempt toward the $10.8 resistance zone, followed by the 0.618 Fibonacci retracement near $11.64.<\/p>\n<p>A look at the Supertrend indicator also supports the moderately bullish outlook. Notably, the indicator recently flipped bullish on the daily timeframe, signaling that buyers currently retain short-term trend control despite the ongoing consolidation.<\/p>\n<p>Meanwhile, the Aroon indicator continues to favor bullish momentum, with the Aroon Up remaining above 70% while the Aroon Down stays near 0%, suggesting buyers still maintain relative dominance within the current trend structure.<\/p>\n<p>However, momentum appears to be gradually cooling after LINK\u2019s strong rally over the past several weeks. Failure to hold above the key $10 support-resistance zone could weaken bullish momentum and potentially expose the token to deeper pullbacks toward the next major support regions near $9.93 and $8.87.<\/p>\n<p>On the upside, bulls would likely need to reclaim the $10.79 resistance level decisively to restore stronger momentum and potentially open the door for a move toward the $11.6 and $12.8 Fibonacci resistance zones in the short term.<\/p>\n<p>For now, traders remain focused on whether Chainlink can stabilize above the crucial $10 region as the market waits for a stronger catalyst capable of reigniting bullish momentum.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink price pulled back this week after facing rejection near a key Fibonacci resistance level, while traders closely watched whether bulls could defend the important support-resistance flip zone near $10.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28575"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28575\/revisions"}],"predecessor-version":[{"id":28576,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28575\/revisions\/28576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/387"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}