$LINK dipped 5% despite a new related bridge deal reflecting broader crypto weakness but some analysts see signs of a possible bottom forming.
Technical sentiment remains mixed short term bearish momentum persists but some whale accumulation and ecosystem expansion trends are notable.
Analysts are watching key support levels around $12 and resistance near $13 to $14 breaking either could indicate stronger directional moves.
The $LINK token bounced 4% recently outperforming during a broader market rebound.
LINK faced selling pressure near resistance with ETF related news failing to push it higher.
Analysts are highlighting Chainlink potential role in the real world asset tokenization trend which could boost demand for oracle services and drive long term adoption.
$LINK is trading around $12 to $13 USD in recent sessions.
Trading volume shows elevated activity suggesting continued interest from traders.#LINK #WriteToEarnUpgrade
