Chainlink Price Falls 18% From September Peak Near $13

Chainlink ($LINK) traded near $12.95, up 2.59% on the daily TradingView chart according to CryptoNews. The token rebounded toward $13 after retreating from its late-September peak near $15.74, leaving it down approximately 17.7% from that high.

Support and Resistance Levels

The daily TradingView chart placed the 50-day simple moving average at $12.59, while resistance stood at the 20-day average of $13.75. LINK's session moved below the 50-day average before rebounding above it, with a session low of $12.259 providing a reference point beneath support. Longer-term averages remained below the market, with the 100-day simple moving average at $10.68 and the 200-day simple moving average at $9.75.

On the weekly timeframe, Chaikin Money Flow remained positive at 0.15 despite the recent price correction, and the token held above the middle Bollinger Band at $10.23. CoinGlass liquidation heatmaps showed concentrations of estimated liquidation levels clustered around $13.60 to $13.80, with broader clusters near $14.60 to $14.90 and $15.80.

Analyst Outooks

Team LAMBO Charts outlined a possible continuation toward $16.50 to $19.50 while allowing for another potential pullback. Rand Group noted that LINK has bounced above its main horizontal support while pressing into a local downtrend, calling the setup a key decision point.

Key facts

• Chainlink traded near $12.95, recovering part of its decline from the late-September peak near $15.74.
• The 50-day simple moving average stood at $12.59, while the 20-day average resistance was placed at $13.75.
• Weekly Chaikin Money Flow remained positive at 0.15 during the pullback.
• CoinGlass liquidation heatmaps indicated overhead concentrations near $14.70 and $15.80.