LINK has traded in a tight range for weeks as consolidation builds. Ali Martinez maps the structure—here's what the compression could mean for the next move.

Chainlink's Tight Range Between $11.89-$14 Signals Coming Move

Chainlink's LINK token has been locked in a well-defined price channel for the past several weeks, oscillating between support at $11.89 and resistance near $14. It's a textbook consolidation phase, and analyst Ali Martinez recently broke down the structure on the 12-hour chart, noting how orderly the boundaries have become. This kind of range-bound behavior often signals that the market is digesting recent moves and waiting for a catalyst to pick a direction.

What makes this compression notable is how tight it's gotten. Early in the range, price swings were wider and more erratic. Now, the bounces between support and resistance are sharper and more predictable, which usually means the structure is maturing. Volume has also declined steadily, a common pattern during consolidation as traders step aside and wait for clarity. But that quiet can be deceptive—when volume returns and price tests one of the boundaries with conviction, the breakout or breakdown tends to be swift.

Martinez didn't offer a directional bias, and that's probably the right approach. LINK isn't flashing bullish or bearish signals yet—it's just coiled. The broader crypto market is in a similar state, drifting without a strong trend, and LINK seems content to mirror that indecision. What happens next depends on whether buyers step in to defend $11.89 aggressively or sellers finally push through $14 with sustained pressure. Either way, the longer this range holds, the sharper the eventual move is likely to be.