Chainlink Surges 6.35% to $11.80, Tests Key Resistance Level

Chainlink's price has surged by 6.35% in the past 24 hours, pushing it to $11.80 in intraday trading. The daily range for LINK spans from $11.22 to $11.88, with the token steadily advancing throughout the session and approaching the key resistance level near $11.90.

The price charts indicate a pronounced pullback during daytime hours, followed by consolidation just beneath recent local highs. LINK opened at $11.08, climbed to $11.45, dipped to $11.38 before recovering above $11.60.

Market data shows that trading volume for LINK reached approximately $612.48 million, while the token's market capitalization stands around $8.81 billion. Analysts highlight key support and resistance levels, with prices hovering between nearby support zones at $11.70-$11.75 and further down at $11.50-$11.60.