LINK Drops 4% as Chainlink ETF News Fails to Push Break of Technical Resistance

The oracle token encountered selling unit astatine $16.25 alongside a sizable diminution successful the broader crypto market.

Nov 12, 2025, 7:28 p.m.

Chainlink’s LINK token fell 4% connected Wednesday aft moving into beardown method absorption amid broader crypto marketplace weakness.

The pullback came arsenic Bitwise’s projected Chainlink ETF was spotted connected the DTCC registry nether the ticker CLNK, signaling operational readiness for a imaginable launch.

The improvement initially sent LINK higher, investigating absorption adjacent $16.25, CoinDesk research's method investigation exemplary said. But the determination triggered assertive selling, with 3.36 cardinal tokens traded during the 16:00 UTC hour, 138% supra the 24-hour average, sending LINK down to a league debased of $15.10, according to CoinDesk data.

While the DTCC listing represents a measurement guardant for the ETF process, it doesn’t warrant SEC approval. Market participants mostly treated the listing arsenic a procedural milestone alternatively than a bullish catalyst, keeping their absorption connected illustration levels. The $16.15–$16.25 portion proved excessively beardown to break, reinforcing it arsenic a cardinal overhead proviso region.

Key method levels awesome range-bound action

• Support/Resistance: Primary enactment locked astatine $15.10 from organization selling wave, with contiguous absorption astatine $15.40-$15.50 based connected betterment transmission dynamics
• Volume Analysis: 24-hour enactment runs 9.39% supra play average, with 3.36M stock spike during $16.25 breakdown confirming dense overhead proviso astatine resistance
• Chart Patterns: Ascending transmission enactment from overnight lows encounters absorption ceiling, with existent enactment suggesting continued range-trading betwixt $15.10-$16.25 boundaries
• Targets & Risk/Reward: Upside targets beryllium astatine $15.50 and $16.00 levels, with downside hazard toward $15.00 intelligence enactment if betterment momentum stalls.

Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, spot CoinDesk's afloat AI Policy.

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