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Chainlink (LINK) Eyes $16 Resistance Amid Bullish Momentum

Chainlink (LINK) Eyes $16 Resistance Amid Bullish Momentum

Author:

Global Cryptocurrency

Published:

2025-12-20 16:06:09

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Chainlink LINK News -

Chainlink (LINK) is showing signs of bullish consolidation, with traders targeting a breakout above the $16 resistance level. The cryptocurrency has demonstrated resilience, closing daily candles in a bullish formation despite broader market uncertainty.

LINK's performance against Bitcoin (LINK/BTC) suggests underlying strength, though weekend trading volumes may temper immediate upside. Key technical levels include resistance at $13.50 and support near $11.80, with the $12.50 price point acting as a pivot.

Market capitalization stands at $8.88 billion, with 24-hour trading volume reaching $677 million—a 1.25% price increase reflecting renewed institutional interest. Analysts note that a decisive breach of the current trendline could trigger accelerated upward momentum.

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