Chainlink Price Heading for $11 Breakdown as Traders Unwind Leverage

['With Over Three Years Of Hands-On Experience In The Financial Markets', 'Sahil Has Honed An Exceptional Proficiency In Technical Analysis', 'Which Is The Cornerstone Of His Daily Monitoring Of Price Fluctuations In Leading Assets', 'Indices. His Foray Into The Ever-Evolving World Of Cryptocurrency Began With A Deep Fascination For Financial Instruments. Sahil Currently Contributes To Cryptonewsz But Has Also Been Featured In Prominent Publications Like', 'Harsh Chauhan', 'Swatilakha Saha', 'Sahil Mahadik', 'Rajpalsinh Parmar', 'Maxwell Mutuma', 'Vignesh Karunanidhi'] CryptoNewsZ Insider 2026-01-30 13:10:54

The Chainlink price breakdown from the support trendline of triangle pattern sets a prolonged correction below $10. The 100-day exponential moving average indicators act as dynamic resistance against the short-term recovery in LINK price. Following the momentum, the Chainlink price recorded a nearly lost 6% in value, projecting a bearish breakdown below $11. Chainlink Price Faces $10 Retest With This Triangle BreakdownOver the past two months, the Chainlink price witnessed a consolidation trend resonating within two converging trendlines of the daily chart. With sustained selling, the Chainlink price could reach $10.12 to $9.3.