The post LINK Price Tests Key Support at $13.34 as Chainlink Technical Analysis Points to Consolidation Phase appeared on BitcoinEthereumNews.com.

Darius Baruo
Nov 27, 2025 06:26

Chainlink price holds $13.34 amid neutral momentum signals, with LINK testing critical support levels as broader crypto market awaits direction following recent volatility.

Quick Take • LINK trading at $13.34 (up 2.7% in 24h) • No major catalysts driving movement as market consolidates • Price testing middle Bollinger Band support around $13.88 • Following Bitcoin’s modest gains in correlation trade Market Events Driving Chainlink Price Movement Trading on technical factors in absence of major catalysts, with no significant news events affecting Chainlink in the past 48 hours. The LINK price movement today reflects broader cryptocurrency market sentiment rather than protocol-specific developments. The 2.69% daily gain appears to be following Bitcoin’s upward momentum, as institutional traders rotate back into altcoins after recent consolidation. Volume on Binance spot market reached $40.4 million, indicating moderate trader interest despite the lack of fundamental catalysts. With traditional markets showing mixed signals and cryptocurrency traders awaiting clearer directional cues, LINK price action has remained range-bound between key technical levels established over the past several weeks. LINK Technical Analysis: Neutral Consolidation Pattern Price Action Context Chainlink technical analysis reveals a complex picture as LINK price currently trades below most significant moving averages. The token sits below its 20-day SMA at $13.88 and well below the 50-day SMA at $16.04, indicating continued bearish pressure from longer-term trends. However, the proximity to the 12-period EMA at exactly $13.34 suggests immediate equilibrium between buyers and sellers. The alignment with current price suggests potential for near-term consolidation rather than directional breakout. Trading volume from Binance spot data shows moderate institutional interest, though not at levels typically associated with major trend reversals. Key Technical Indicators The RSI reading of 41.07 places LINK in neutral territory, avoiding both oversold…

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Filed under: News - @ November 28, 2025 1:21 am