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BTCC / BTCC Square / Global Cryptocurrency /
Chainlink LINK: $12.80 Resistance is the Key to Unlocking Bullish Momentum

Chainlink LINK: $12.80 Resistance is the Key to Unlocking Bullish Momentum

Author:
Global Cryptocurrency
Published:
2025-12-31 04:58:10
15
2
Chainlink LINK News -

Chainlink's price action remains indecisive, trapped in a tight range around $12.33 after a 4.18% daily decline. Trading volume edged up 2.16% to $353.44 million, signaling steady participation despite the lack of directional conviction. The token shows remarkable resilience, with weekly performance still marginally positive at 0.62%.

Market analysts highlight the $12.80 level as critical for bullish confirmation. 'LINK needs stronger candles to build confidence,' observes CryptoWZRD, noting the token's performance remains tethered to Bitcoin's dominance trends. More crypto Online adds that failure to break resistance could prolong the current sideways consolidation.

The market appears balanced between cautious buyers defending recent lows and sellers unable to force a breakdown. This equilibrium suggests accumulating energy for the next meaningful move, with the $12.80 threshold serving as the litmus test for bullish potential.

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