Chainlink Eyes Breakout Above $11.50 Resistance

Chainlink's LINK token has been hovering around $11.28 on Tuesday, within a falling wedge pattern that has been shaping price action for several weeks.

Buyers have repeatedly defended support between $11.10 and $11.20, keeping the technical formation in place and attracting attention from traders waiting for a potential move.

Market analyst Trader Symba observed that LINK has pushed toward descending resistance following multiple successful defenses of its support area.

Symba suggested that a confirmed breakout could pave the way for further gains, noting that if LINK can hold above $11.40, $11.50, there is a chance for $12.00 and $12.25 retest.