Chainlink Price Tests Key Support-Resistance Zone at $10

Chainlink's price has been testing a key support-resistance zone on the daily chart, following a pullback after facing rejection near the $10.79 Fibonacci resistance level.

The token's recent rebound has been supported by improving sentiment in the broader crypto market and growing institutional interest in tokenized real-world assets, where Chainlink continues to position itself as a core infrastructure provider.

As long as LINK holds above the key $10 support-resistance flip zone, the short-term structure remains constructive. A successful defense of this area could allow bulls to regroup for another attempt towards higher resistance zones.