Chainlink Price Prediction: LINK Price Attempts Recovery as New ETF Approval Boosts Interest

• LINK stabilizes near $12 as tighter ranges hint at a potential volatility breakout.
• Futures OI declines to $591M, showing traders remain cautious amid shrinking leverage.
• Grayscale’s approved LINK ETF offers new regulated access that may revive demand.

Chainlink is trading with renewed attention this week as the asset stabilizes near the $12 region after an extended downtrend. The market continues to monitor technical signals, futures positioning, and flow trends, while a major development from Grayscale introduces a fresh narrative. 

LINK Shows Signs of Stabilization but Faces Heavy Resistance

Chainlink holds near $12.14 and shows early signs of price stabilization. Recent candles form higher lows, which signals slight improvement in near-term sentiment. However, the broader trend remains bearish.

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