Chainlink (LINK) Price Tests Key Support Zone Amid Regulatory Uncertainty

Chainlink's LINK token is trading at $10.88, hovering above a key support zone of $10.85-$10.90.

This level has significant importance as it was previously resistance before LINK broke higher in late August.

A break below $10.85 could put the August breakout at risk, while holding above it may signal that old resistance has flipped to support.

The daily RSI has dropped from overbought levels above 80 in August to around 46, indicating a pullback from extreme conditions but not yet buyer control.

The U.S. Senate's failure to advance the Digital Asset Market CLARITY Act on Tuesday may have contributed to the crypto market's volatility.