Chainlink: Key zone tested as LINK holds above 12.57 USD: What’s next?

LINK is currently priced at 12.88 USD, reflecting a 1.14% decline over the last 24 hours, with the critical support level at 12.57 USD.

Strong accumulation signals show over 376 million LINK tokens held across almost 90,000 addresses, indicating solid investor confidence.

On-chain indicators reveal mixed sentiments, showing bearish trends despite significant accumulation, raising concerns about the durability of the support level.