Chainlink (LINK) trades around $17.29, up 5.15%, but daily volume dropped nearly 27% to about $872 million, indicating weak market conviction. Analysts note key support at $16.39; a break below could trigger a decline toward $13.35, while resistance at $17.65–$18.45 caps gains. RSI at 41.8 and a slight MACD bullish crossover hint at slow improvement, but open interest rising 5% to $681 million suggests cautious trader positioning.