Chainlink LINK Battles Key $13 Resistance as Market Awaits Directional Break
Chainlink's native token LINK is testing a pivotal resistance level at $13, with market participants divided on whether the asset will break upward or enter prolonged consolidation. Analyst CRYPTOWZRD notes the $13 zone has historically triggered selling pressure, creating a make-or-break scenario for short-term momentum.
The token currently trades at $11.98 with muted 0.38% daily gains, according to BraveNewCoin data. Narrow price action between $11.84 and $12.15 reflects equilibrium between buyers and sellers—a stalemate awaiting resolution from broader market forces.
Failure to secure a decisive close above $13 could trap LINK in range-bound trading. The asset's position below previous breakout levels adds weight to this technical inflection point, leaving traders watching for either confirmation of strength or signs of distribution.
