Chainlink tests $11 resistance amid market recovery

Chainlink (LINK) is currently testing key resistance levels as it participates in a broader cryptocurrency market recovery. Analysts are monitoring the $11 mark, noting that a weekly close above this level could signal a significant change in market structure and a potential trend reversal from a long-term descending trendline.

Technical indicators suggest that breaking the $11.80 barrier is a critical step for the token. Success at this level could pave the way toward targets near $14, though further resistance is expected around $16.70 and $19.90.

On the prediction market Polymarket, participants have traded over $43,000 in volume regarding Chainlink's future value. Current odds indicate various price thresholds for the end of 2026, including a 25% chance of the token reaching above $18.