Chainlink Is Stuck Around $12 as Selling Pressure Fades: Here’s What Next for LINK Price Rally

The crypto markets

This sustained level of developer engagement highlights continued progress across Chainlink’s core infrastructure, including oracle services and cross-chain solutions. While development activity does not directly drive short-term price action, it often supports accumulation phases when the price is holding major demand zones instead of breaking down.

Conclusion: Is Chainlink Forming a Base for 2026?

LINK price has not been in a confirmed uptrend, but it is also no longer breaking down. Price compression above the $12 support zone, combined with weakening bearish momentum and strong development activity, suggests LINK is attempting to form a base rather than extend its decline.

For traders, the setup is clear. A sustained break above the descending trendline and acceptance above $15 would significantly improve the outlook heading into early 2026. Until that happens, consolidation remains the most likely scenario. In short, Chainlink price is showing fundamental strength beneath technical pressure, and the next move will depend on whether the price can convert this base into a breakout.

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