Chainlink Holds Key Support at $11 as Bullish Pennant Forms

Chainlink (LINK) has maintained its support at $11 as it continues to trade near this level, up 5.11% over the last 24 hours.

A bullish pennant pattern has formed on the price chart, indicating a possible breakout towards $15.

This setup is often seen after a strong price move and can signal further upside for LINK.

Crypto analyst Crypto With Gopal noted that buyers are defending the $11 support level, which could keep the current structure intact and pave the way for another move higher.

The breakout target of $15 would confirm the pattern if it occurs with sufficient volume to support the move.