Chainlink’s LINK token surged 4.17% on Tuesday, climbing to just shy of $14 and breaking through multiple resistance levels as institutional demand for oracle infrastructure assets picked up.
This move marked a rare show of strength after recent headwinds, with LINK outperforming the advances of bitcoin and the broader market benchmark.
Trading volumes spiked sharply during the breakout above the $13.58 resistance level, jumping 95% above the daily average. The rally gained steam with consistent buying, suggesting deliberate accumulation rather than speculative hype.
The pattern of higher lows and orderly breakouts formed a clean step-ladder structure, signaling strong technical momentum. If LINK can break through the $14.00 psychological barrier, the next upside targets are around $14.25-$14.50 if momentum holds.
Key technical levels to watch
- Support/Resistance: Immediate support at $13.30–$13.40; resistance near $14.00 and $14.25
- Volume Analysis: Breakout confirmed with a 95% spike in volume; per-minute activity sustained above 65K
- Chart Patterns: Ascending structure with step-ladder breakout from the $13.11 base
- Targets & Risk/Reward: Upside targets at $14.25–$14.50; downside risk protected by $13.70 support
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see RialCenter’s full AI Policy.
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