$LINK
🚨Chainlink Price Prediction: LINK Price Primed for a 20% Recovery in February🚨
After consolidating within a predefined resistance and support range for a couple of months, the LINK price was expected to initiate a breakout. However, the market dynamics, which shifted in favour of bears, dragged the levels below the range. Currently, the bulls have fallen weak at the support turned into a resistance zone between $11.80 and $12.02. Hence, a rise above the range may attract the bullish forces.
Chainlink is trading near $11.85, holding just above a well-tested support band around $11.70–$11.80, which has repeatedly attracted buyers. The RSI sits below 40, indicating weak momentum but also suggesting selling pressure may be easing. Meanwhile, the MACD remains negative, showing bearish momentum is still present but slowing. If LINK stabilizes here, a rebound toward $12.50 and then $14.00 is possible. A breakdown below $11.70 could expose $10.90 next.