LINK Trades at $12.18 After 24-Hour Low Falls Below $11.86

Chainlink (LINK) traded at $12.18 as of 4:38 a.m. ET (08:38 UTC) Friday, up 1.43% over 24 hours, after its 24-hour low reached $11.81, five cents below a previously identified $11.86 support level.

At 4:10 a.m. ET (08:10 UTC), LINK traded at $12.16, with a 24-hour high of $12.23 and a low of $11.81. That low records an intraday move below $11.86; it does not establish a daily close below the level.

The Oct. 16 support setup placed $11.86 at a rising trendline and the lower Bollinger Band. It listed $13.04, the 20-day exponential moving average (EMA), and $13.54, the Bollinger Band midline, as conditional levels if LINK stayed above $11.86. Further support references were $11.44 at the 100-day EMA and $10.89 at the 200-day EMA.

The outlook covered the week after Oct. 16. LINK was above $11.86 at 4:38 a.m. ET Friday, but the 24-hour low shows it had traded below that level during the period.