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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/link-price-analysis-can-link-price-overcome-sellers-at-12/">LINK Price Analysis: Can LINK Price Overcome Sellers At $12?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With Bitcoin struggling close to the $35K mark, the LINK price trend shares a similar price action as it struggles near $12. With multiple bearish elements resisting a bullish continuation in Chainlink’s token growth, a bearish move seems probable.&nbsp; 
Nevertheless, with year-to-date growth of more than 100%, the <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/">LINK price prediction</a> suggests a potential rally continuation.&nbsp; 
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With a remarkable comeback in 2023, the LINK price boosts from a negative 10% YTD growth in June to 108% in November 2023. Suggesting a strong rise in demand for Chainlink in the market, the increasing volumes tease a bullish trend continuation. 
Moreover, the Chainlink price showcases a bullish breakout rally of a falling channel, reclaiming the psychological mark of $10. Continuing with increased trend momentum, the altcoin prices reach the overhead resistance trendline.&nbsp; 
Currently, recovering after a sellout spike, the LINK value rises higher to the trendline and challenges the previous higher price rejections. Standing at the crossroads, the Chainlink prices may soon give a pivotal move to decide the future price trend.&nbsp; 
Technical indicators: 
EMA: The bullish spike in the 50-day EMA may soon help the Chainlink price support during any short correction phase.&nbsp; 
MACD indicator: The MACD indicator shows a high possibility of a bearish crossover event as the bullish histograms are on a decline. This increases the possibility of a downtrend move from the overhead resistance trendline as the bullish momentum declines. 
<h2 class="wp-block-heading" id="h-will-link-price-surpass-12">Will LINK Price Surpass $12?</h2> 
Despite a massive bullish phase in recent times with multiple breakouts, the LINK price hovers close to $12. However, the $12 resistance inspires multiple higher price rejections in daily candles and warns of a reversal.&nbsp; 
If the uptrend exceeds the $12 mark, the rising demand can push the market value to the $15 mark. However, a reversal from $12 can result in a retest of the $10 mark.

LINK Price Analysis: Can LINK Price Overcome Sellers At $12?

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