As of November 1, 2026, Chainlink $LINK is trading around $11.57 to $11.76, experiencing a consolidation phase after shedding roughly 21% of its value throughout October. Despite short-term bearish pressure, strong ecosystem fundamentals in real-world asset (RWA) tokenization and programmatic buybacks continue to support its macro frame.
Crucial Support: $11.20
Reaching a multi-week low.
Breaking below risks a drop toward $10.00.
Immediate Resistance: $12.00 – $12.28
Aligns with the 4-hour EMA50.
Reclaiming this flips the short-term structure bullish.
Macro Targets: $25.00 – $31.00
Major resistance trendlines.
Clearing $31 opens a multi-month extension.
#LINK #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals
Crucial Support: $11.20
Reaching a multi-week low.
Breaking below risks a drop toward $10.00.
Immediate Resistance: $12.00 – $12.28
Aligns with the 4-hour EMA50.
Reclaiming this flips the short-term structure bullish.
Macro Targets: $25.00 – $31.00
Major resistance trendlines.
Clearing $31 opens a multi-month extension.
#LINK #BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals
