Chainlink Eyes $12 Target as Price Approaches $11.90 Resistance

Chainlink (LINK) has been making gains in the last 24 hours, rising by 6.35% to reach a high of $11.88.

The cryptocurrency is now approaching its resistance level at $11.90 and traders are keeping an eye on the next target of $12.

According to technical analysis, the first support zone for LINK is between $11.70 and $11.75, while the main resistance area lies between $11.80 and $11.90.

A negative chart momentum figure (CMF) suggests that despite the recent price increase, there may be caution in the flow of funds into the cryptocurrency.