Chainlink Technical Analysis Report 11 February, 2026
Given the strength of the resistance level 9.080, strong daily downtrend and the predominantly bearish sentiment that can be viewn across the cryptocurrency markets today, Chainlink cryptocurrency can be expected to fall to the next support level 7.375 (which stopped the previous impulse wave v at the begin of February).
- Chainlink reversed from resistance level 9.080
- Likely to fall to support level 7.375
ecently reversed up from the resistance area located between the key resistance level 9.080 (former support from the end of January, as can be viewn from the daily Chainlink chart below) and the lower trendline of the recently broken down channel from November (acting as the resistance later than it was broken previously). The downward reversal from this resistance area stopped the previous minor correction iv which belongs to the impulse wave 3 from October of 2025.
Given the strength of the resistance level 9.080, strong daily downtrend and the predominantly bearish sentiment that can be viewn across the cryptocurrency markets today, Chainlink cryptocurrency can be expected to fall to the next support level 7.375 (which stopped the previous impulse wave v at the begin of February).
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you viewk independent professional advice or conduct your own independent research before acting upon any information contained in this article.
