Chainlink Price Stalls at $12.71, Bullish Trend Remains Unshaken

Chainlink's price has stalled at $12.71, flashing an exhaustion signal according to technical indicators. The MACD momentum has gone flat, and aggressive sell flow dominates the tape. Bulls must reclaim $13.30 within the next 24-48 hours or risk a pullback to $12.34 before the next leg up.

Despite the short-term bearish signals, the structural trend remains bullish. Chainlink's price is above its 7, 20, 50, and 200-day moving averages simultaneously, indicating the path of least resistance is still higher over the medium term.

The Bollinger Band picture reinforces this view, with Chainlink hugging the upper band hard. However, a mean reversion to the midpoint around $11.71 would represent meaningful pain for bulls who chased the $13.50 tag.