Chainlink (LINK) Price News: Declines 2% as ETF News Fails to Break Resistance

Chainlink's LINK token dropped 4% on November 12, 2025, facing strong technical resistance near $16.25 amid a broader crypto market downturn. Despite news of Bitwise's proposed Chainlink ETF (CLNK) being listed on the DTCC registry, which signifies operational readiness, the expected bullish momentum did not materialize. Trading volume surged 138% during this resistance phase, confirming the strength of the overhead supply. LINK fell to a session low of $15.10 after aggressive selling occurred when attempting to surpass $16.25. The ETF's listing is seen more as a procedural step than a major bullish catalyst, with key technical levels indicating range-bound trading between $15.10 and $16.25. Support is solid at $15.10 from institutional sales, while immediate resistance is noted at $15.40-$15.50. Upside targets are at $15.50 and $16.00, while a drop towards $15.00 is possible if recovery momentum fails.

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