The technical chart of Chainlink coin price reflects on the magnitude of the negative momentum faced during the past couple of trading sessions which was halted at the support level of $12.00. The price levels were able to revive positive momentum from the support level and will be looking for a positive breakout from the descending triangle pattern. For having a positive breakout, the price levels must break above the 0.382fib level.
The moving average convergence & divergence (MACD) has formed a bullish crossover and the levels looking for a positive breakout above the histogram line.
The relative strength index (RSI) has also regained bullish levels after facing multiple negative dips to the oversold region and currently stands at 51.87.
Resistance Level: $15.50 & $18.50 Support Level: $13.00 & $12.00