Chainlink’s LINK Rebounds Toward $13 as Technical Signals Stay Mixed

Chainlink (LINK) traded near $13 on Oct. 13 after falling 17.7% from a late-September high near $15.74, leaving its short-term trend weaker than its longer-term positioning. LINK stood at $12.952 on the daily chart, between a session low of $12.259 and a high of $13.193. The token remained above its 50-day simple moving average at $12.592 but below its 20-day simple moving average at $13.746. LINK also remained above its 100-day and 200-day simple moving averages, which were $10.680 and $9.751, respectively. Daily Bull Bear Power was negative at -1.083, while weekly Chaikin Money Flow was positive at 0.15.