Chainlink Price Remains Steady at $12.58 Amid Support and Resistance Levels
The price of Chainlink (LINK) has remained stable, fluctuating between $12 and $13 since early April. This trend indicates a lack of recovery from its performance in Q1 2025.
Key Support and Resistance Levels
Analyst Ali Martinez provided insights into potential pivotal levels for LINK's future:
- Support is identified around $12.28 – $12.62, where 11,130 addresses hold 26.55 million LINK tokens at an average cost of $12.47.
- Resistance is noted between $14.19 – $14.58, with 20,930 investors holding 21.19 million LINK tokens at an average price of $14.37.
If LINK falls below the $12.28 support, it may drop under $11 due to lack of significant support beneath this level.
Current Price Status
The current price of LINK is approximately $12.58, reflecting a 1% increase over the last 24 hours.
