Chainlink Price Teeters on Breakout Zone Against BTC

Chainlink's price has been fluctuating around $11.50, down 1.36% in the last 24 hours. The trading range for the day is between $11.46 and $11.80, with a market capitalization of $8.65 billion and reported trading volume of $307.47 million.

The price has been unable to recover from its initial downtrend, but has managed to stay above the $11.46 daily low. This level is currently serving as support, but if broken, it would expose a lower support of $11.46.

The immediate resistance for Chainlink is found at $11.57 to $11.60, which encompasses both the current price and a previous rebound peak. If this level is breached, $11.80 will come into focus.