Chainlink (LINK) has finally caught a breath after spending weeks sliding. The $12.50 area, which has acted like a quiet safety net all year, stepped in once again and stopped the drop almost instantly.
The reaction wasn’t subtle either – buyers showed up fast, pushed price off the floor, and reminded everyone that the LINK price still has pockets of strength left.
What makes the timing interesting is that this rebound landed on the same day Grayscale’s new GLNK product went live, giving LINK a rare dose of outside attention at a moment when most altcoins are still trying to steady themselves.
It doesn’t confirm a comeback yet, but it does set the stage for a different kind of December than the one many were expecting.
What the LINK Chart Is Showing
The chart shared by analyst Crypto Rand highlights a simple but important message: the LINK price defended the $12.50 level with force. Each time price has tapped this support in the past, buyers have stepped in, and this time is no different.
After the bounce, LINK is now pushing toward the main downtrend resistance – the same trendline that has rejected several rallies over the last few months. Breaking above it would mark the first real shift in momentum since the November slide started.
For now, LINK sits right in the middle of the range: strong enough to show interest, but not yet strong enough to confirm a full reversal.
LINK Price Short-Term Outlook for December
December’s outlook for LINK depends on whether it can stay above $12.50 and break the downtrend line that has been blocking every rally.
If the LINK price continues to hold this support, the price has room to move toward the $14–$15 area, which acted as resistance during previous attempts to recover.
But if the price falls back under $12.50 again, the chart opens the door toward $11.80 and possibly even lower levels, which would delay any chance of a real December reversal.
For now, the bounce gives the Chainlink price its first real sign of life in weeks, and the next few days will show whether this can turn into a true shift in momentum.
For now, the bounce gives Chainlink something it hasn’t had in weeks – clear signs of life. Whether it turns into a real trend change depends on how LINK behaves in the next few days.