Chainlink (LINK) Retests Key Support Level Amid Market Correction

BTCC / BTCC Square / Global Cryptocurrency /

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2025-04-11 20:57:14

Chainlink LINK News - Chainlink (LINK) is retesting a critical support level following a 15.9% weekly price drop. Currently trading at $12.91 with a 6.97% daily gain, the asset shows muted buyer interest as trading volume plunges 43.7% to $345.41 million. The long-term bullish structure remains intact, anchored by an ascending trendline dating back to mid-2023. Analysts note the $12.30 zone aligns with both the trendline support and 0.5 Fibonacci retracement level, suggesting potential for an uptrend continuation if support holds. Institutional partnerships and strong on-chain fundamentals could further bolster LINK’s recovery.

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