Chainlink Holds Ground Above $13-$14 Region

Chainlink has maintained its bullish structure despite breaking above multiple resistance levels. The coin has been trading around $14.37, with short-term momentum settling down after a retest of higher levels. According to trader Sjuul, Chainlink has pierced several resistance levels and flipped them into support zones. The $13-$14 region is seen as key support, but resistance levels above could drive Chainlink's subsequent recovery.

The monthly chart shows Chainlink is bullish from lower levels and heading toward previous support regions. Trader Altcoin Cadel referenced the LINK daily chart structure, advising some patience in the recent falling wedge coin. Chainlink has been far away from breaking into the all-time highs near $50 last seen in 2021.

The one-hour chart on TradingView shows LINK at around $14.37 after showing that it had recovered from its intraday decline. The market has been trading in a tight range following a swift upward move earlier in the trading session. This shows several retests of the $14.50 level, implying the sellers are lingering in the vicinity of that area.