Chainlink's LINK Jumps Over 4% Near $14 Amid Crypto Market Rebound
Chainlink's LINK token rose approximately 4.17% to around $13.97, approaching the $14 mark. The breakout above the $13.58 resistance level was accompanied by a 95% surge in daily trading volume, indicating strong institutional buying interest.
Technical analysis shows LINK forming higher lows and a step-ladder pattern, suggesting robust momentum and accumulation. Immediate support is observed in the $13.30–$13.40 range, with per-minute volume consistently sustaining above 65,000 during the breakout phase.
Near-term resistance is positioned at $14.00, and if the price surpasses this level, the next upside targets range between $14.25 and $14.50. Support at $13.70 also provides a safety net for investors. LINK's recent performance has outpaced the CoinDesk 5 Index, reflecting its relative strength amid a broader rebound in the cryptocurrency market.
