Chainlink price compresses beneath Fibonacci resistance, downside risk
Chainlink price is stalling below a major Fibonacci resistance zone near $9.17 as momentum weakens.The probability of a corrective rotation toward lower support increases. Summary Key Resistance: $9.17 aligns with the 0.618 Fibonacci, VWAP, and value area high. Weak Momentum: The recent rally occurred on low volume, increasing rejection risk. Support Target: Potential rotation toward the $8.24 confluence
