Chainlink price is going into a critical downturn. Following weeks of negative pressure, LINK has reached a support at the $12.60 area, which is being quietly supported by buyers but the momentum indicators are drying up.
The consistent open interest and consistent volume are indications that the market is waiting and prepares the next decisive action.
LINK Stabilizes Below Key Resistance as Market Finds Balance
The token analysis of the 1-hour timeframe indicates that LINK/USD consolidates at the level of $12.60 due to a long period of bearishness. The previous ones were characterized by low highs and lows, with a drastic sell-off which ended in a good demand between the $11.80 and $12.00 range. This area has since served as a base and price has risen slightly and moved into sideways movement.
Source: Open Interest
Recent candles indicate mild bullish pressure, though momentum remains restrained. Price continues to trade below prior swing highs around the $12.90–$13.00 region, which now functions as near-term resistance.
The current structure in the coin frameworks shows stabilisation rather than a confirmed reversal, with buyers protecting support but not strong enough to push a breakout.
LINK Holds Between $12.26 and $12.68 as Trading Remains Balanced
According to BraveNewCoin market data, the token is trading at $12.62, and its gain percentage is 0.9 % in the last 24 hours. Heavy volatility is under control since the range is decent, in that there are intraday lows that draw buyers swiftly to the range between $12.26 and $12.68. This act highlights short-term demand and not aggressive accumulation.
Source: BraveNewCoin
The trading volume of about daily $390 million proves the idea that the recent patterns are backed by the participation but not by the thin liquidity.
In the crypto models, this volume and price stability ratio imply that consolidation will not be broken and that incremental gains will be subject to continuous volume purchasing, not momentum-related explosions.
LINK Faces Resistance Near $14 Amid Ongoing Corrective Pattern
On the daily timeframe, LINK/USDT still represents a corrective arrangement after a vigorous surge at the beginning of the year.
The price is still significantly lower than the last swing high of about $28, which confirms the existence of an even bigger lower-high, lower-low trend that has been ongoing since September. October breakdown turned the prior support into resistance, and it supported the bearish situation in the long term.
Source: TradingView
Price action has been stable in the range of $12 to $14 since November and this is an indication that selling pressure is easing. Momentum indicators like the MACD are below the zero line but the contracting bars of the histograms are indicative of diminishing bearish momentum.
The token wise, it would take a stabbing move out of the $14-$15 area in order to catch the new significant trend. Until that point the market bias is neutral to bearish.
