As per Cryptonewsland, Chainlink (LINK) is trading near a key support level at $11.69, following a 3.5% decline over the past 24 hours. The price is currently close to an intersecting horizontal support and an upward trend line, which has historically influenced price movements. Traders are watching the weekly close to determine whether the support holds, with resistance at $12.32. The asset’s movement remains within a narrow range, and its behavior relative to Bitcoin and Ethereum pairs is also under observation.
Chainlink Price Tests $11.69 Support as 3.5% Drop Nears Weekly Close
CryptonewslandShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.