Chainlink LINK Consolidates Bullishly, Eyes $15 Breakout
Chainlink's LINK token is showing resilience as it stabilizes above the critical $12.80 support level, trading around $13 after a prolonged correction phase. This consolidation suggests weakening downward pressure and sets the stage for a potential upward continuation toward $15.
Market structure indicates the formation of higher lows, with traders positioning for a rebound. Crypto analyst CRYPTOWZRD notes LINK's tight intraday range signals consolidation rather than weakness—a typical precursor to breakout momentum. A decisive MOVE above $13.50 could accelerate gains.
The $12.80 zone has historically acted as a reliable demand area during pullbacks. A strong reaction from this level WOULD confirm bullish sentiment, while a breakout would validate the rebound framework now taking shape.
