Chainlink ($LINK) is currently trading around $9.13 after a pullback from the local peak of about $31 in August 2025. On the weekly chart, a prolonged accumulation phase is forming, which began back in January 2026. The key support zone is in the range of $5.50–$7.50. The nearest resistance above is around $13, with the next seller zone approximately $17–$18. The RSI on the weekly timeframe bounced off the bottom at the beginning of the year and is gradually returning to the 50 level. The BBWP indicator shows volatility compression, which usually precedes a strong move.

LINK-0.07%
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