Chainlink LINK Faces Crucial $15 Resistance: Will Bulls Break Through?
Chainlink's LINK token surged 6% to $14.20, testing a critical resistance level at $15 that has capped gains for months. The $13-$15 range now serves as a battleground between bulls and bears, with volatility compressing ahead of a potential breakout.
Market structure appears bullish as LINK defends its $13 support base. A decisive close above $15 could trigger algorithmic buying and propel prices toward higher targets. Traders remain divided on whether this is the start of a new trend or another range-bound reaction.
The recent approval of Bitwise's chainlink ETF adds structural demand, potentially altering the token's liquidity profile. Institutional interest grows as LINK demonstrates resilience in the $13-$15 consolidation zone.