Chainlink Stabilizes Near $12, Potential Breakout Awaits

Chainlink price shows signs of recovery this week, stabilizing near the $12 mark after a prolonged downtrend. The asset’s recent performance exhibits early signals of positive momentum with higher lows forming in recent candles. However, the broader trend remains bearish as traders remain cautious amid shrinking leverage. Grayscale’s approval of a LINK ETF offers new regulated access, potentially driving demand and contributing to a price recovery.