<ul data-eligibleForWebStory="true"><li>Chainlink revisited the $11 support zone and saw a sharp upward reaction, indicating renewed buyer interest.</li><li>Analysts highlight the formation of a 'demand cluster' at the intersection of a descending channel and the $11 level, leading to a swift price reversal past $12.70.</li><li>Short-term price stabilization is observed in the $12.60 to $12.90 range, viewed as a potential new support zone crucial for further gains.</li><li>Link faces a challenge in breaking out of its larger downtrend channel, with analysts eyeing resistance levels around $16.50 to $17.30 for potential upside.</li></ul>

Chainlink Rebounds from Key Support Zone, Analysts Eye Bullish Reversal

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