Chainlink Price Stalls Below $11.72 Resistance Amid Fading Momentum

Chainlink's price has been trading near $11.41 after failing to hold its latest rebound, raising concerns about another decline. The token remains below the $11.72 resistance level it failed to break through in September.

The daily Aroon readings show fading upward momentum, with Aroon Up falling to 7.14%. The 4-hour Bollinger Bands place immediate support near $11.20 and resistance around $11.68.

Liquidation clusters near $11.00 could draw the price lower if the current support range fails. Chainlink's price has lost much of its advance from August, forming a sequence of lower highs and lower lows since the September peak near $13.60.