Chainlink Price Prediction: On October 21st, the Chainlink coin escaped a 16-month accumulation phase, breaking through the resistance trendline of a channel pattern. This led to a rally that catapulted the coin from $8.1 to $12, registering a stunning 47% gain. However, amid prevailing market uncertainty—largely fueled by the Bitcoin price sideways movement—LINK price is grappling with a robust supply barrier at the $12 level. is the recovery phase over?
Also Read: Chainlink Price Shoots 6% With Ascending Triangle Breakout, Next LINK Target At $15?
Overhead Selling Hints Upcoming Pullback
The 5% drop today reflects the initiation of a new correction in LINK price.
The $9.5 level would stand as strong support amid anticipated pullback.
The intraday trading volume in the LINK coin is $1.2 Billion, indicating a 1.2% gain.
Source- Tradingview
Caught in the current market uncertainty, the Chainlink price recovery hit a major roadblock at the $12 resistance point. Despite multiple attem
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