Chainlink Consolidates Near $22 as Bulls Hold Support Amid Resistance at $23.16

Chainlink (LINK) is currently consolidating near the $22 support level after a recent surge that saw it break above a long-standing descending trendline. This price action now presents a range-bound period, with resistance looming at $23.16, which could act as a trigger for further movement. Despite a 3.2% decline in the past 24 hours, LINK has maintained relative strength against both Bitcoin and Ethereum.