Chainlink price falls 18% despite bullish $19.50 call: Can LINK recover?

Chainlink price has rebounded toward $13 after retreating from its late-September peak, with support at the 50-day moving average and an analyst’s $16.50–$19.50 outlook putting the recovery in focus. Chainlink price traded near $12.95, up 2.59% on the daily TradingView chart. The 50-day moving average stood at $12.59, below resistance at the $13.75 20-day average. Weekly Chaikin Money Flow remained positive at 0.15 despite the recent price correction. Team LAMBO Charts outlined a possible continuation toward $16.50–$19.50 while allowing for another pullback. TradingView’s Binance LINK/USDT daily chart showed Chainlink trading at $12.952 on Oct.