Chainlink LINK Faces Potential Bearish Continuation After Key Resistance Retest

BTCC / BTCC Square / Global Cryptocurrency /

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2025-04-12 07:04:51

Chainlink LINK News - Following a week of decline, Chainlink (LINK) has retested a crucial resistance zone around $12.5, which previously served as support. The retest indicates weak bullish conviction, suggesting a possible bearish continuation. On-chain and liquidation data point to further downside potential, with targets near $10 and $7.5. The broader market remains indecisive, and LINK’s recent pullback aligns with expectations.

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