Chainlink whipsawed through key liquidity levels on November 15 after five consecutive red daily candles. One Binance LINK/USDT chart reading placed LINK at $9.26, up 4.22% on the day, with a session high of $9.37 and a low of $8.62. A separate liquidity update from analyst Giannis Andreou captured the token near $9.98, down about 0.2%, after a sequence that cleared both long and short positions. The liquidity snapshot also showed a market capitalization near $7.46 billion and a daily trading volume increase of 37.43%.
LINK remains below its major daily moving averages. The 50-day simple moving average sits at $12.09, the 100-day at $11.66, and the 200-day at $10.11. The nearest resistance cluster is defined by the 200-day SMA and the 0.618 Fibonacci retracement around $10.36, while the 0.5 retracement near $11.40 is higher. The 0.786 Fibonacci level around $8.89 is the immediate line in the sand after Saturday's close. Below it, the demand zone between $7.00 and $7.95 has absorbed selling three times in 2026: a February capitulation wick, a June breakdown, and a July double bottom that launched the rally toward the $15.70 peak.
Liquidity mapping from Andreou adds detail on the recovery. LINK initially cleared long liquidation clusters between $9.87 and $9.91, spiked lower toward $9.76, then recovered above $9.80 and swept short liquidity around $10.05. Andreou identifies $10.12 and $10.19 as immediate resistance checkpoints; a push through those levels would expose larger short-liquidation bands at $10.28 and $10.38. Conversely, a decisive break below $9.85 would weaken the developing higher-low structure and open the $9.66 long-liquidation pool.
The next move is tightly defined by nearby levels. A close above $8.89 keeps the bounce scenario alive and reopens a mean-reversion path toward $10.11–$10.36. A close between $8.62 and $8.89 would be inconclusive, while a close below $8.62 would remove nearby chart support and shift focus toward the $7.95–$7.02 demand box. Traders are also watching volume because the recovery bar has been lighter than Saturday’s selling spike, which could weaken the technical reclaim even if price holds.
