Chainlink is a decentralized oracle network that connects real-world data to smart contracts, making it a key infrastructure piece for DeFi and cross-chain interoperability. LINK’s price has recently traded around ~$12–$14, with technical weakness breaking below key support levels and mixed sentiment due to macro pressure and leverage unwinding.
Short-term technical indicators lean bearish, with many moving averages and trend signals showing sell setups, while broader narratives like institutional ETF interest and integration with traditional finance offer a structural bull case.
Critical support zones near $11.6–$12.5 are watched closely — if these hold, a recovery toward resistance levels around $16–$18 could unfold, but failure could deepen downside.
Longer-term adoption of oracle tech and ecosystem partnerships underpin fundamental utility beyond pure price speculation. $LINK
LINK
11.79
-3.28%