Chainlink’s LINK token rallied 6.21% over 24 hours to $12.11, according to BraveNewCoin data, with the session range between $11.25 and $12.22 and reported volume near $538.65 million.
The recovery brings LINK back to a short-term resistance cluster between roughly $12 and $13 after bouncing from weekly support in the $10.70 to $11 area. Analyst charts highlight $12 as the first test, followed by a higher weekly resistance zone around $12.80 to $13 and a psychological level near $15. On the downside, support sits at $11, then $10, with deeper daily support near $9.20.
Chainlink’s market capitalization stands near $9.06 billion with approximately 748.10 million LINK in available supply. The token remains about 77% below its $52.70 all-time high. The intraday move climbed from the session low of $11.25 to above $12, but traders note this is a return to resistance rather than a confirmed breakout.
A monthly chart shared by analyst Quinten shows a descending resistance line extending from LINK’s 2021 peak through subsequent lower highs, with a second declining line tracking more recent highs. The analyst said the three-week structure has already turned bullish while the monthly structure is approaching a similar change, though no confirmed break of the multi-year trendline has occurred.
