Chainlink (LINK) is testing a crucial weekly support level near $11, a price floor that has been intact since mid-2024. This level is significant as it has historically influenced broader market trends. Recent price action shows lower highs, with LINK trading between $11.76 and $12.57 in the past 24 hours, according to Coingecko, and a market cap of $8.70 billion. The cryptocurrency is currently within a long-term symmetrical triangle pattern, with support rising since 2020 and resistance descending from the 2021 peak. Analysts indicate that maintaining this support could lead to an upward move, while a breakdown might result in further consolidation.