The LINK price today hovered near $11.95 at the time of writing as its spot ETFs quietly absorbed supply. While institutional inflows remain steady and on-chain accumulation continues, the market response has been still muted, raising questions about whether Chainlink’s next move requires deeper price discounts before momentum returns.
Technically, dynamic support aligns near the $8.75–$9.00 zone, roughly 25% below current levels. If price revisits this region, it would align with historical accumulation phases seen before prior multi-month recoveries. In that context, the current setup suggests the LINK price forecast narrative remains vulnerable in the near term, even as longer-term fundamentals remain intact.
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