Chainlink Volume Surges 65%, Can It Break Through $12?

Chainlink's (LINK) trading volume has surged by 65% in the past 24 hours as it attempts to reclaim $12. This significant increase in activity could set the stage for another move towards $13.50.

The token has seen a sharp rise in trading activity, with LINK currently trading at around $11.40. The key resistance level of $12 remains a crucial hurdle that bulls need to overcome. Futures volumes have also risen across several major exchanges, but this increase in activity has yet to translate into clear spot buying.

LINK has recovered from its recent correction, which followed a strong August rally. In August, the token surged nearly 70%, rising from around $8 to above $13.50 in September. However, sellers then pushed LINK back towards $11.