Chainlink Price Struggles Near Support as Compression Intensifies

Chainlink (LINK) is navigating a critical price zone after experiencing a sharp decline this week. The asset currently resides near the crucial $12.30 support within a rising channel, with increasing compression signaling a potential breakout or breakdown ahead. A break above $13.50 could propel LINK toward targets of $22 and $32, but a drop below $12.29 might lead to further losses towards the $10.00 level.