Chainlink LINK Defends Critical Support, Bulls Target $14.63 Breakout
Chainlink (LINK) is showing resilience as buyers successfully defend the key $13.58 support level, setting the stage for a potential push toward channel resistance at $14.63. The market structure indicates consolidation within a well-defined horizontal range, with a critical support floor anchored at $11.72.
The token's 4-hour chart reveals a pattern of higher lows forming after reclaiming the $13.10 mid-range zone—a bullish signal for continuation. Liquidity washouts NEAR the range lows have been met with aggressive accumulation, pointing to strong institutional and retail demand at discounted price levels.
Technical models remain constructive provided LINK sustains above the $13.30 level. A decisive breach of the upper resistance band could catalyze momentum toward yearly highs, offering a favorable risk/reward setup for traders aligned with the current bullish structure.
