Markets· ★★· bearish·

Chainlink drops 7.67% to $12.14 on elevated volume

  • LINK trades at $12.14, intraday range $12.14–$12.47 after opening at $13.15
  • Daily volume of $563M is 41.88% above the 30-day average of $397M
  • RSI (14) at 53.8%, MACD histogram bullish at +0.010
  • Price sits above SMA-200 ($9.28) and SMA-30 ($11.82), support at $12.09
Why it matters: Holding $12.09 will determine whether the pullback stays a correction within an uptrend or deepens into a broader consolidation.
Source: DiarioBitcoin