Chainlink's native token, LINK, is trading at $15.74, maintaining stability within a $13–$26 consolidation range. This range has persisted for an extended period, with analysts considering it a no-trade zone until a breakout occurs. LINK has seen a 6.5% weekly increase, slightly outperforming Bitcoin and Ethereum.
The token is currently above its key support level of $15.24, with resistance near $16.25. A confirmed move beyond these boundaries could indicate the next major price trend. The weekly chart shows a symmetrical triangle pattern forming since mid-2022, suggesting potential for significant price movement once resolved.
Chainlink (LINK) Steady at $15.74 Amid Consolidation
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