Overview
- LINK remains squeezed beneath a dominant descending trendline, with rallies failing to clear the $13–$16 resistance band identified since the September highs.
- Volatility is muted and momentum is soft, as the daily RSI sits below neutral and MACD stays negative, reinforcing a compression phase.
- On-chain data shows whales buying dips below $12, yet price has not reclaimed $14 and recently surrendered the 50%–61% Fibonacci retracements around $13 and $12–$12.50.
- Analyst scenarios keep $25–$26 as contingent targets only if the structure is reclaimed, while Elliott Wave work allows for a wave c push toward roughly $12.6 before a sturdier base.
- Liquidity remains solid during consolidation, with market cap near $8.49 billion, 24-hour volume about $367 million, and circulating supply around 708.1 million tokens.