Chainlink Trades Near $12 as Five Moving Averages Sit Above LINK

Chainlink (LINK) fell 2.23% over 24 hours to $11.98 at 4:28 a.m. ET (08:28 UTC) Sunday, Oct. 18, with five listed moving averages above its price and support levels below.

The technical snapshot showed a 24-hour range between $11.74 and $12.28. Its chart marked $12.26 as immediate resistance and $12.54 as stronger resistance, with support at $11.72 and $11.46. Because the range high exceeded $12.26, the range alone does not show a sustained rejection at that level.

The seven-period simple moving average (SMA) was $12.39. The 12-period exponential moving average (EMA) stood at $12.65, the 50-period SMA at $12.66, the 26-period EMA at $12.85 and the 20-period SMA at $13.26. The 200-period SMA was lower, at $9.84.

An earlier snapshot at 3:10 a.m. ET (07:10 UTC) put LINK at $12.00, down 2.07% over 24 hours, with a range of $11.82 to $12.25. The readings were 78 minutes apart and show different prices and ranges.

LINK is Chainlink’s native asset, used to pay for network services and as part of the network’s staking-based security. On Oct. 13, LINK traded near $12.95 amid mixed technical signals near $13.