Green candles are back on the board, and two names are doing most of the talking today. The Chainlink price has pushed to around $12.82, up 8% in a day and nearly 13% for the week, with buyers now watching $8.04 to keep the recovery intact. Dogecoin news is just as loud, with DOGE surging past $0.10 on a 15% jump, outrunning every other major coin after more than $1 billion in short positions got wiped out across the wider market.
Chainlink Price Climbs to $12.82 as Buyers Eye Resistance
The Chainlink price has climbed to around $12.82, gaining 8% in the past 24 hours and nearly 13% over the last week. The recent rise shows that buyers are becoming more active, although the token still faces important levels ahead. Analysts are watching $8.04 as key support, meaning the Chainlink price could remain in a stronger recovery pattern if it stays above that level.
On the upside, resistance is expected between $13.90 and $20.60, making this a major area for the next test. Chainlink is also getting attention because its official reserve has grown to about $70.5 million after a recent $1.1 million purchase.
According to WallStreetX, no tokens have been sold from the reserve since August last year. While these purchases may support market confidence, they do not guarantee further gains. LINK will need to hold its support and overcome resistance for the current upward move to continue.
Dogecoin News: DOGE Jumps 15%
The crypto market is bouncing back, with Dogecoin leading the move. In the latest Dogecoin news, DOGE jumped more than 15% to above $0.10, making it the strongest performer among major cryptocurrencies. Bitcoin also gained around 5% in 24 hours and remained above $85,600.
Much of the rise came after more than $1 billion worth of crypto positions were liquidated, with short sellers accounting for about $844 million, or 82%. Bitcoin made up roughly $608 million of those liquidations, while Ethereum contributed $181 million. XRP climbed 7% to nearly $1.52, while Solana rose 5% to almost $117.
Ethereum gained 3% to around $2,740. Meanwhile, technology stocks also strengthened as enthusiasm around artificial intelligence returned. Dogecoin news remains closely watched as traders assess whether the broader rebound can continue without forced liquidations.
The Best Crypto to Buy Revealed
Looking ahead, the Chainlink price still has work to do, with $13.90 to $20.60 standing as the zone that will decide whether this rally has real staying power or stalls out near current levels. Holding above $8.04 remains the line in the sand for bulls.
On the Dogecoin side, the picture is just as critical, since the latest Dogecoin news shows DOGE riding a liquidation-driven spike that traders will need to see confirmed with fresh volume rather than short-covering alone before calling it a genuine trend.
