I recently came across an analysis article about Chainlink, mentioning its ongoing struggle around the $12 price level. It’s definitely worth a close look.

Currently, LINK is trading around $12.35 with an RSI reading of 41.9, showing typical retracement consolidation characteristics. From a news perspective, progress in RWA tokenization (bringing physical assets on-chain) has attracted market attention. This is a positive for LINK’s fundamentals—after all, oracles play a crucial role in the RWA sector. However, at this stage, selling pressure is easing, and market enthusiasm has cooled down, which is a signal worth monitoring.

From a technical standpoint, several key data points to watch are: support at $11.98, resistance at $12.72, and a breakout level at $12.60. According to conventional thinking, if the price can hold above $12.60 and effectively break through resistance, it should attract additional capital, and $13 could be within reach. Conversely, if it falls below the support at $11.98, the risk will be more apparent.

From a trading perspective, I prefer to observe the market’s reaction before taking action. The current strategy is roughly: maintain existing positions, and if a breakout is confirmed with clear signals, consider adding to the position in stages (for example, one-third), but stop-loss must be set properly at the $11.98 level. When the market is oscillating within this range, the biggest mistake is to get repeatedly caught off guard, so risk management is the top priority.

What does everyone think about this wave of market movement?