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Chainlink's LINK falls from $13.70 to $11.56 amid heavy selling, with key recovery zone at $12.30-$13.21 watched by traders.

Technical Signals
11 Sep 2026
Blockonomi
View Source
Bearish
Chainlink's LINK falls from $13.70 to $11.56 amid heavy selling, with key recovery zone at $12.30-$13.21 watched by traders.

Chainlink's LINK token dropped sharply from a September high near $13.70 to about $11.56 after strong selling pressure. Technical indicators like RSI and MACD show bearish momentum, while trading volume and open interest have declined, suggesting traders are closing leveraged positions. Despite the price drop, on-chain data reveals steady network growth with new and active addresses near recent peaks, indicating ongoing user interest. Analysts highlight the $12.30-$13.21 range as a critical resistance zone that could signal a recovery if broken, or continued pressure if rejected.

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