Headline: Binance traders piled into LINK longs, but price action leaves the next leg undecided Chainlink (LINK) has attracted heavy bullish positioning on Binance even as on-chain price structure keeps the market guessing. Derivatives snapshot - On Jan. 25 CoinGlass data showed Binance’s LINK/USDT Long/Short ratio at 2.06, with long positions accounting for 67.34% and shorts 32.66%. That skew points to traders betting on a rebound despite broader market caution. - However, leverage is concentrated around short-term risk bands. CoinGlass’ Exchange Liquidation Map highlights overleveraged clusters near $11.85 and $12.45 — levels that could amplify volatility if price tests them. Price, volume and technicals - As of press time, LINK was trading around $12.06, down about 1% over 24 hours. Trading volume has slid roughly 35% to $181.35 million, signaling muted participation and lower conviction among market participants (TradingView). - On the daily chart LINK recently retested the $11.90 area — a historical demand zone — and has been chopping sideways there for several sessions. That looks like consolidation rather than aggressive selling. - If $11.90 holds, the chart structure points to a potential move back toward the $14.15 resistance area, implying about 16% upside from current levels. A decisive break below $11.90, however, would threaten the reversal case and open the door to deeper losses. - Momentum metrics add nuance: the Average Directional Index (ADX) reads 25.42 — above the 25 threshold — indicating a meaningful directional trend is in place, which could favor sharper swings. Sentiment and higher-timeframe outlook - Echoing the bullish positioning, crypto analyst Marzell called Chainlink an “institutional sleeping giant” on X, flagging $16.13, $20.09 and $24.52 as key resistance levels should momentum return. That outlook dovetails with higher-timeframe price behavior showing past rebounds from similar base ranges (X/MarzellCrypto). Takeaway Traders on Binance are clearly positioned for a comeback in LINK, but concentrated leverage around $11.85–$12.45 and a drop in trading volume mean the path forward is not settled. Watch $11.90 as the tactical pivot: holding it could set up a recovery toward $14.15, while a break would raise the odds of a deeper pullback. Disclaimer: This article is for informational purposes only and is not investment advice. Cryptocurrency trading carries high risk; conduct your own research before making financial decisions. Read more AI-generated news on: undefined/news

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