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Chainlink LINK Consolidates Near $12 as Technicals Signal Potential Breakout

Chainlink LINK Consolidates Near $12 as Technicals Signal Potential Breakout

Author:

Global Cryptocurrency

Published:

2025-12-29 17:32:28

10

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Chainlink LINK News -

Chainlink's LINK token is demonstrating resilience, holding steady around the $12 support level amid broader market consolidation. The cryptocurrency has formed a compression pattern, trapped between descending resistance and horizontal support, indicating weakening selling pressure.

Technical indicators point toward a potential inflection point. A decisive breakout above $14.50 could propel LINK toward the $16.50-$18 resistance zone, while a failure to hold $12 may invite renewed downward pressure. The market is watching closely for confirmation of either a trend reversal or continuation.

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