The recent rise of Chainlink to the $11 level indicates a possible return of buyer interest in the market.
Chainlink's Recovery from Key Zone
Chainlink has revisited the $11 zone, which has previously served as a price support level. This moment triggered a sharp reaction, indicative of increasing buyer interest.
Current Support and Resistance Levels
Short-term price action is currently stabilizing within the range of $12.60 to $12.90. This range could become a new support level, which is important for further gains.
Future Price Movement Prospects
If Chainlink can hold above $12.60, it may provide the necessary momentum for continued growth. While no confirmed trend reversal is observed yet, the recent rise could signal a shift in market sentiment.
In summary, Chainlink is showing signs of recovery after reaching the key support zone. Maintaining price levels above current levels could lay the groundwork for further growth in the market.
