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

Chainlink's LINK token fell 4% on November 12, 2025, struggling against resistance at $16.25 amid broader market declines. Although Bitwise's Chainlink ETF (CLNK) was listed on the DTCC registry, confirming its potential operational readiness, market response was cautious. The price dropped to a session low of $15.10 following aggressive selling that accompanied a significant increase in trading volume, which peaked at 3.36 million tokens during a critical hour. Resistance proved too strong, hindering LINK's ability to breach the $16.25 level. Current support is noted at $15.10, with potential upside targets at $15.50 and $16.00, while a drop below $15.00 could indicate further downside risk. Despite the ETF news, market participants focused on technical levels rather than viewing the listing as a bullish catalyst, highlighting the persistent strength of the resistance zone.

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