Chainlink Price Rebounds Above $12 as Buyers Defend Support Level

Chainlink's price has rebounded from its recent pullback, reaching $12.59 as of writing.

This represents a 2.31% increase over the last 24 hours and comes after the token had been trading between $12.10 and $12.73.

The new recovery reinforces the $12 short-term support level, which has been defended by buyers.

According to Investor Jordan, the next significant weekly support is at $10.70, while a psychological support level is near $9.80.