Chainlink Price Locked in Consolidation, Will It Break Out Above $13 or Below $26?

Chainlink (LINK) price is currently consolidating within the range of $13 to $26. This has caused a slight dip from recent highs, with the asset now trading around $16.13. Despite some gains in early morning trading, LINK has been facing downward pressure and its daily low sits at around $15.23. The trading volume is currently hovering at $746.31 million. Additionally, over $1.49 million worth of LINK were liquidated in the past 24 hours. The price action reveals a symmetrical triangle pattern, indicating indecision and potential for either direction. It’s crucial to see if LINK breaks above $26 or falls below $13 for clear market direction.