Chainlink's (LINK) price may face challenges as it strives to reach $12. On-chain metrics and technical indicators suggest that it could take longer than expected for the token to reach this target. The Sharpe ratio, which measures risk and potential reward, has dropped to 0.25, indicating that investing in LINK at its current price could be risky. Additionally, Chainlink's network activity has decreased, signaling decreased user engagement. The daily chart shows potential resistance at $10.74, and the Chaikin Money Flow (CMF) has failed to rise above the zero midpoint. If the CMF continues to decline, LINK's price could drop to $9.47 or even $8.08 in a highly bearish scenario. However, if the market becomes more bullish, LINK could rise to $12.33.



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