Chainlink: After Major Correction, Will Price Rebound Above $12.70?

Despite a significant 58% drop from its all-time high of $30, Chainlink (LINK) has maintained support above the crucial $12.70 level. This recent pullback highlights the asset’s resilience and potential for a resurgence. The RSI indicator shows signs of a potential higher low, aligning with levels that have triggered reversals in the past. 4 Key support levels remain: the 200-day moving average, an ascending trendline, and historical demand zones.