$LINK has shown a modest price change of 0.23% in the last 24 hours, remaining within the range of 12.89 to 13.29.
The Bollinger Bands indicate the price is consolidating, with LINK respecting the lower support of 12.89 and facing resistance at 13.29.
Despite the overall uptrend, this movement appears weak without significant bullish momentum.
Macroeconomic factors such as inflation data and regulatory news have a cautious impact on investor sentiment, though Bitcoin's correlation remains undefined at the moment.
Traders should consider a short-term approach given the current volatility, while monitoring for catalysts that may drive a stronger trend.
Key takeaway: Monitor macroeconomic indicators closely; they could either propel LINK above resistance or lead to a retracement.
