#chainlink

Chainlink Bounces 3.1% to $9.592 After Holding $9.298 Support

Chainlink’s LINKUSDT perpetual contract is trading at $9.592, down 1.10% on the day but recovering strongly from earlier lows.

Recovery From $9.298 Low

LINK found support at $9.298 earlier in the session, marking the 24-hour low. Buyers stepped in there and pushed price up in a steady climb, printing a series of higher highs on the 15-minute chart.

The move peaked at $9.610, just shy of the 24-hour high at $9.710. Price is now consolidating near $9.592, holding above the breakout zone around $9.557-$9.488.

Key Levels to Watch

Resistance: $9.610-$9.710 is the immediate zone. A break above $9.710 opens room toward $9.626 and higher.

Support: $9.557 and $9.488 are the closest support levels. Below that, $9.420 and the swing low at $9.298 remain key.

Momentum: The chart shows a clean recovery from the $9.298 dip, with green candles dominating the last several 15-minute bars.

24-hour volume stands at 15.58M LINK and 147.62M USDT, showing decent activity behind the bounce. The mark price sits at $9.593, nearly flat with the last price, indicating low funding pressure.