Chainlink Price Consolidates Near $11 as Bulls and Bears Clash

Chainlink's price has been holding steady at around $11.05 after falling 2.71% in the last 24 hours.

The token currently trades nearly $371.89 million, with a market cap of around $8.27 billion and 748.10 million LINK in circulation.

According to BraveNewCoin's chart, the latest session is dominated by sellers, with price tests at $10.94 before trending back to $11.12.

A bullish pennant has formed on Chainlink's daily chart, indicating a potential breakout above $11.50 and $12, with further targets of $15.50, $20, and even $24.80 if the pattern holds.

However, Investor Jordan's daily Coinbase chart warns of a pullback, with weekly support at $10.75 and sellers above the range.