LINK Trades At $12.56 As Price Enters Weekly Demand Zone and Holds Above Key $11.88 Support

LINK trades at $12.56 and has entered its weekly demand zone, where previous strong reactions occurred.

The chart shows support at $11.88 and resistance at $12.67, forming the immediate technical boundaries.

Early buyer activity appears within the demand zone, with chart projections pointing to a possible $15–$17 move if the zone holds.

Chainlink entered a major weekly demand zone after a prolonged decline, and the latest move placed the asset near a level that previously triggered strong upward reactions. The chart showed a clear tap into this zone, and the current candle formed just above the marked area where buyers historically appeared

LINK traded at $12.56 during the session and posted a 5.2% 24-hour increase, which added context to the wider picture. Notably, the zone extended across a broad band, and the chart displayed an early sign of interest as price briefly reacted upward. This positioned the asset at a point where traders often assess the next potential shift in momentum.

Price Stabilizes Above Key Support While Approaching Resistance

The current structure highlighted a nearby support level at $11.88, and the price hovered slightly above it throughout the session. The 24-hour range remained narrow, which aligned with the asset’s position inside the green demand area. However, the chart emphasized that this region served as a notable reference during previous tests.

The candle sequence reflected slowing downside pressure as volume remained steady near recent averages. This created a smooth transition into the next focus area, which centered on the immediate resistance. The chart also displayed a defined resistance band around $12.67, and price activity approached that level during the latest movement.

Buyers Show Initial Activity as Chart Marks Potential Upside Levels

A small upward reaction developed within the zone, and the chart included an arrow indicating a possible short-term bounce. The structure suggested that buyers began entering near the lower boundary, although the reaction remained early. The chart also listed potential upside ranges, specifically between $15 and $17, which aligned with the upper bands shown in the previous structure.

This shift connected the lower demand area with the nearby resistance, creating a logical transition into the following section. Additionally, the 24-hour change in Bitcoin and Ethereum parity supported the upward session, as LINK gained 2.4% against BTC and 2.0% against ETH.

Weekly Zone Determines the Next Major Move

The weekly demand zone remained the central element of the chart, and price behavior within this region continued to guide market attention. The candle currently sat at the mid-point of the zone, and the chart displayed two directional possibilities

One path pointed toward the $15–$17 region if the bounce extended, while the second path showed deeper downside if the zone failed. These levels connected the recent reaction, the key support, and the upper resistance into a single technical framework that defined the asset’s near-term landscape.