Chainlink (LINK) is currently facing pressure from a bearish trendline as the cryptocurrency struggles to maintain its value near the $10 level. Technical indicators point to a continued downturn, with key support levels at $10 and $7.50. While recent price fluctuations show a slight recovery, the future of LINK remains uncertain. Analysts believe that heavy resistance around the $12 region could hinder LINK’s upward movement. Despite these challenges, technical analysis reveals support near $10.52 supported by a notable accumulation of Chainlink tokens. This suggests that the price may stabilize at this level for now. However, if the bearish trend persists and LINK breaks below the $10 barrier, it could trigger a sharp decline to $7.37, as seen in October 2023. On the other hand, a breakout above $12.33 could open up a path toward $15.36 or higher if broader market conditions improve.