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LINK targets $11.50, LINK/BTC approaches key breakthrough area

2026-09-14 15:15:27
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LINK adheres to the $11.50 mark, with $11.46 constituting key short-term support.

As the CMF (Cai Jin Fund Flow) indicator sends a weakening signal, selling pressure is gradually emerging, and the LINK/BTC trading pair is approaching the key breakthrough area. Chainlink (LINK) is testing key price points after a sharp reversal during the day. The current trading price of the token is close to $11.57, a decrease of 1.36%. The intraday trading range is limited to $11.46 to $11.80.

Buyers have defended the lower limit many times, but buying volume has weakened in the recent rebound. At the same time, LINK/BTC is approaching the narrow end of its long-term pattern. Once a breakthrough is made, it will soon reveal whether LINK can regain its comparative advantage.

LINK held on to the $11.46 support level

LINK briefly touched $11.78 before sellers lowered the price to $11.51. The buyer then pushed the token to $11.59. Another round of decline pushed prices to an intraday low of $11.46. Buyers returned around this level and stabilized the market. Since then, LINK has mainly traded between $11.48 and $11.56. Currently,$11.46 represents the most important short-term support level. Buyers have defended the area multiple times in recent pullbacks.

However, LINK is still below the upper end of the daily range. To achieve sustained recovery, current levels require stronger demand support. LINK must first recover $11.55 and $11.60 to target higher resistance levels. Breaking through these levels will bring $11.80 back into the spotlight. Breaking $11.80 will open up a potential path to the $12.00 goal.

Trading volume provides a signal that is not convincing enough for buyers. Throughout the observation period, trading volume gradually declined. Volume also remained low during the attempted rally. This pattern suggests that buying demand has not expanded significantly. A fall below $11.46 will weaken the current short-term structure and sellers may control key support areas for the session. In addition, the price of LINK is still well below its all-time high of $52.70.

Negative CMF limits LINK recovery

On the LINK/USDT chart, short-term momentum remains cautious. The one-minute chart shows that the price was close to $11.528 before the close. LINK reached about $11.59, but then the seller stepped in again and the price slipped to the lower edge of the range. During the decline, Cai Jin's flow of funds (CMF) indicator also weakened.

CMF fell below neutral to about-0.39. This reading indicates that selling volume exceeded buying volume during the measurement period. As a result, LINK needs stronger buying pressure before confirming a recovery. Recovering $11.55 and $11.60 will improve immediate prospects, and CMF should also move closer to the zero line. If the $11.50 support is lost, the $11.46 support level may be exposed again.

Currently, LINK is still trapped between weakening short-term momentum and long-term compressed patterns.$ 11.80 remains the key trigger point for gains. Breaking through the area will put $12.00 within close reach. At the same time, LINK/BTC also provides another important signal to traders. A breakthrough here may confirm that LINK's comparative advantage over Bitcoin is improving.

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