The crypto markets are becoming choppy nowadays as the prices of most of the tokens are heading towards their local support range. Meanwhile, the Chainlink (LINK) price is trading near the $12 zone, extending a broader downtrend that has been in place since October. While volatility has cooled, the chart shows that LINK is not stabilising yet. Instead, price action suggests sellers remain in control, with rallies failing to reclaim key resistance levels. The market is now approaching a critical decision point that could define LINK’s next move.
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Chainlink Price at a Crossroads: Why LINK Is Struggling Near $12
The crypto markets are becoming choppy nowadays as the prices of most of the tokens are heading towards their local support range. Meanwhile, the Chainlink (LINK) price is trading near the $12 zone, extending a broader downtrend that has been in place since October. While volatility has cooled, the chart shows that LINK is not stabilising yet. Instead, price action suggests sellers remain in control, with rallies failing to reclaim key resistance levels. The market is now approaching a critical decision point that could define LINK’s next move.