Chainlink’s LINK token pushed higher on Tuesday, rising 4.17% to approach the $14 mark after cutting through several resistance levels. The move reflects growing institutional interest in oracle-focused crypto assets, and CoinDesk Research’s technical framework suggests the token could target the $14.50 area if momentum continues.
LINK’s gains stood out relative to the broader market, outperforming both bitcoin (BTC$84,842.08) and the CoinDesk 5 Index. Trading activity accelerated sharply during the breakout above $13.58, with volumes running 95% above the daily average—an indication of steady accumulation rather than short-lived speculative bursts, according to CoinDesk Research’s analysis tool.
The token has been forming a series of higher lows and orderly breakouts, creating a clear ascending structure. A decisive close above the psychological $14 level would pave the way toward the next resistance band at $14.25–$14.50.
Key Technical Levels
- Support & Resistance: Initial support sits at $13.30–$13.40, with resistance at $14.00 and $14.25.
- Volume Trends: Breakout validated by a 95% surge in trading volume and sustained per-minute activity above 65K.
- Chart Pattern: Step-ladder formation emerging from the $13.11 base, signaling constructive technical momentum.
- Price Targets: Upside potential toward $14.25–$14.50; downside risk tempered by support around $13.70.
