The post Chainlink Pressures Weekly Demand Zone With Analysts Eyeing Break or Bounce appeared on BitcoinEthereumNews.com.

Chainlink is retesting its weekly demand zone after weeks of decline, with analysts watching whether buyers can defend the $12 region. Analysts note early accumulation signs, weakening momentum, and key trendline resistance. The short-term direction hinges on holding $12 and reclaiming $12.50, which could open a push toward the $15–$17 range. The Altcoin’s Return to the Weekly Demand Zone Chainlink is trading back inside its weekly demand zone after a steady decline from the $22–$26 band. According to CryptoPulse, the current level has served as a base for previous recoveries, creating renewed attention on buyer activity. The chart shows the coin tapping the green accumulation block once again, with initial signs of support forming on the latest weekly candles. Earlier cycles show this zone attracting buy-side interest, making it a level closely monitored by traders. LINKUSD Chart | Source:x CryptoPulse notes that a bounce from this region could position it for a move toward the $15–$17 range. This potential path aligns with areas where price formed recent breakdown structures, creating near-term resistance. The analyst states that the weekly close remains crucial, as it determines whether buyer strength is building or weakening. A firm hold above the zone may support early accumulation, while repeated rejections may indicate hesitation among market participants. Market Structure and Daily Price Pressure On the daily timeframe, Chainlink continues to trade under pressure, hovering below the $12.50 level. CRYPTOWZRD reports that the latest daily candle closed with indecision, reflecting ongoing uncertainty in momentum. The chart displays a descending trendline that has acted as dynamic resistance since early October, with each rebound capped at lower highs. This pattern suggests the broader trend remains under strain. LINKUSDT Chart | Source:x The analyst explains that its next directional move may depend on Bitcoin’s performance and shifts in market dominance. If…

---

Filed under: News - @ November 23, 2025 10:16 pm