Chainlink (LINK) Eyes $13.50 as Bullish Reversal Gains Momentum

Chainlink's LINK token is showing signs of a potential bullish reversal after enduring weeks of downward pressure. The decentralized oracle network's native asset rebounded from a key support level at $11.00 and is now targeting $13.50 as its next resistance point.

Currently trading at $11.82, LINK has formed a rounded base pattern—a classic technical formation that often precedes upward price movements. With a market capitalization holding steady at $8.01 billion, chainlink maintains its position among the top altcoins by market value.

Technical indicators reveal a Bollinger Band squeeze, signaling reduced volatility that typically precedes significant price action. Traders on major exchanges are closely watching to see if this marks the start of a sustained recovery for one of cryptocurrency's most widely adopted oracle solutions.