Chainlink fell 2.71% in the last 24 hours as it trades around $11.05, according to market data. LINK increased to $10.92 and traded nearly $371.89 million.
Meanwhile, the BraveNewCoin chart indicates that the latest session is dominated by sellers. LINK edged up from near $11.31 but briefly pushed back above $11.20.
The recovery was lost in the afternoon. Price subsequently made a couple of tests at $10.94 before trending back to $11.12. Sellers took off fast and moved LINK back in the direction of $11.05.
The immediate level of support is $10.92, which can be repeated. But a lack of follow-through above $11.10 suggests that buyers have not regained control over the intraday charts. Source: BraveNewCoin.
Market cap remained around $8.27 billion with 748.10 million LINK in circulation. The token stood 79.02% below its $52.70 all-time high from May 2021.
Using the daily chart, Lana Valentis spotted a bull pennant on LINK following its chart advance of approximately 50%. The chart shows a breakout from a long downtrend.
The chart indicates that the LINK uptrend is starting from the $7.50 level and consolidating at the $11 level. The pennant has fewer moves in price, indicating a period of rest after the big move. Source: Lana Valentis Via X
If it breaks above the upper limit of the pattern, then $11.50 and $12 are going to be in focus. $15.50 and $20 are potential future resistances.
It has extended the range of projection to the red resistance line at $24.80. That objective is based on a pennant breakout and holding above each intermediate level.
A bullish pattern fails if LINK breaks below the bottom of the pennant. The $10 zone would then become relevant, and $7.50 would provide the greater support structure.
Notably, the other short-term picture comes from Investor Jordan’s daily Coinbase chart. LINK rallied from under $8 before moving up to the $11.90 level and creating a couple of choppy candles.
The price failed to break through the four-hour resistance level around the $11.90 price level. Weekly support is also above, at $12.50, with sellers above the range.
The bottom line of weekly support is at $10.75, according to the trendline drawn below. It then moves towards a lower red support and entry area around $8.50. Investor Jordan Via X
This means a clear downtrend must occur below $10.75 for that to happen. Until then, the anticipated fall remains a chart trend and not a market action.
All three graphs are focusing attention on the $10.75 to $11.90 range. With the Brave New Coin low at $10.92, it has already come close to the bottom limit.
A $10.75 holding will maintain the pennant formation and provide an additional chance to test $11.50. A close above $11.90 would appear to favor the bulls and provide exposure to $12.60.
If this falls below $10.75, it will bring focus to $10.25. Further selling might then help to break the chart into $8.50 support and up to $9.
The breakout must be accompanied by a volume increase in either direction to confirm. If it is not more involved, LINK can remain in a trading range between support and resistance levels, with both scenarios remaining viable. Such a confirmation would indicate who has the next daily move.
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The Japanese company booked a ¥117.8 million profit after selling its ETH, SOL, XRP and DOGE, leaving roughly 1,506 BTC as its only cryptocurrency holding.
Federal law enforcement officials, working with cybersecurity technology company CrowdStrike, announced action against entities behind malware that enabled the theft of $150,000 in cryptocurrency.In a Tuesday notice, the US Justice Department said it had disrupted the Sality botnet and malware in an international effort with Bulgarian, Hungarian and Romanian officials, as well as private sector partners CrowdStrike and the Shadowserver Foundation. US officials said that Sality was responsible for installing malware on compromised devices since 2003, resulting in crypto theft and cyberattacks. CrowdStrike reported that in the previous eight years, the entities behind Sality used EggJagger, a “clipjacking tool that monitors the clipboard for cryptocurrency wallet addresses and silently replaces them with addresses controlled by the operator,” to steal at least 12.1 million rubles, or about $150,000, in cryptocurrency. According to the company, the value of the “never-spent” digital assets peaked at about $1.5 million in January 2025.“When a victim copies a Bitcoin or Ethereum address to make a payment, the funds are redirected,” said CrowdStrike, explaining the technique behind the theft.According to CrowdStrike, the criminals behind Sality “lost the ability to communicate with infected machines” as a result of authorities’ efforts to disrupt the network. US officials and the company said Sality was used to steal crypto, while about 15,000 infected computers formed part of a peer-to-peer botnet that checked whether its systems were online every 40 minutes.Related: A fake crypto job interview nearly installed malware on my computerCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
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