Chainlink (LINK) experienced a 5% rally on November 10, 2025, but failed in its breakout attempt. The price ran into a strong selling barrier in the $16.50-$17.00 zone. This failed move exposes buyer weakness. Analysts like Anton Kharitonov warn of a lack of conviction, putting leveraged traders at risk. The Chainlink key resistance remains intact.
In fact, the recovery was trapped in the $16.50–$16.66 band. This area is reinforced by the 20-day moving average ($16.51). Technical indicators reinforce the bearish bias. The daily RSI stood at 43.28, and the MACD remains negative at -1.0274. Furthermore, the CMF indicator fell below zero, signaling capital outflow. The Bollinger Bands widened, suggesting increased volatility and selling pressure.
Likewise, volume behavior was decisive. An initial spike of 1.82 million tokens traded (69% above average) boosted the price. However, this momentum was quickly absorbed by liquidations of over 60,000 tokens. Spot volume on Binance, while reaching $46 million, was lower than that seen in previous drops. On the other hand, the “Chainlink Reserve” accumulated $2 million at $16.39, offering temporary institutional support.
Is This the Short-Term Top or Just a Pause Before the Liftoff?
Therefore, analyst opinions are divided. Anton Kharitonov indicated that “a sustained rally is unlikely without breaking $16.80–$17.00”. Meanwhile, analyst Ali Martinez highlighted the $14 level as a potential major support for a bounce. This lack of consensus and the strength of the resistance suggest cautious trading. Traders with leveraged positions face high risk. The Chainlink key resistance must be overcome to invalidate the bearish bias.
The asset carries an unrealized loss of 34% since the September 2025 highs. The inability to break $17, combined with insufficient buying volumes, keeps sellers in control. A bullish confirmation requires a clear, high-volume break above $17.00. Meanwhile, active risk management is essential for navigating volatility in the DeFi ecosystem.
