In the event of a breakout, Chainlink could test resistance at $12.00 before any pullback. Chainlink will likely fall well short of the second major resistance level at $12.76 and the 38.2% FIB of $12.9, however.
Failure to avoid a fall through the $10.10 would bring the first major support level at $9.16 and 62% FIB of $8.5 into play.
Barring an extended crypto market sell-off, however, Chainlink should steer clear well clear of sub-$8.5 levels.
At the time of writing, Chainlink was down by 0.91% to $10.7764. Chainlink fell from an early Monday morning high $10.8667 to a low $10.6968.
Chainlink left the major support and resistance levels untested at the start of the week.