Chainlink Price Hits Key Resistance as Network Activity Weakens

Chainlink (LINK) price is testing a crucial resistance zone around $15.32 after recovering sharply from its lows near $7.

The current price of $15.29, up 8.25% in the past 24 hours with trading volume up 200%, comes as Chainlink launched CCIP 2.0, adding institutional-focused security, compliance and cross-chain settlement features.

However, this breakout is facing an important test as network activity has weakened, with daily active users falling sharply from over 300 to just 57.

This divergence between price recovery and network activity suggests the latest rally may not be sustainable. A decisive daily close above $15.32 could open the way toward the next resistance at $16.56, followed by $18.03.