Chainlink Tries to Break Above $15 Resistance
Chainlink (LINK) is consolidating above the $14 support level, attempting to maintain its bullish momentum and potentially push toward the $15 resistance zone.
According to technical analysts, LINK has flipped historical resistance zones into support, particularly within the $13 to $14 range. Sjuul, a trader at Alt Crypto Gems, described this area as critical for Chainlink's ongoing bullish setup, adding that defending this level could enable further upside attempts.
The price action reveals higher lows as LINK bounces from its accumulation range, but failure to hold the $13-$14 area could open the door to further declines. A sustained breakout above the overhead barrier near $14.50 could relieve selling pressure and allow buyers more room to challenge higher levels.