Chainlink (LINK) Eyes $13.50 Rebound as Bullish Signals Emerge
Chainlink (LINK) is showing early signs of bullish momentum after successfully testing the $11.00 support level, with its current price at $11.82. The token has formed a rounded base pattern, indicating potential for upward movement. Technical indicators such as Bollinger Bands and RSI suggest the asset may be undervalued, potentially attracting buyer interest.
A sustained breakout above $12.00 could drive LINK toward the $13.20-$13.50 resistance zone. However, failure to maintain support above $11.50 may result in a retest of the $11.00 level. Traders are closely watching these developments for confirmation of a trend reversal.