Chainlink (LINK) Bulls Target $14 as Downtrend Break Sparks Rally
Chainlink (LINK) is displaying bullish reversal signals as it nears the crucial $13.50 resistance level. A breakout above this threshold could drive the cryptocurrency toward $14, signaling a potential shift in its medium-term trend.
The LINK/USD pair rebounded sharply from under $11 on June 23, forming a V-shaped recovery that erased losses from its June 17-22 decline. Bullish sentiment strengthened after the price established solid support NEAR $11 and formed a bullish engulfing candlestick pattern.
Price action currently indicates consolidation between $13 and $13.50, with traders anticipating a decisive move. Sustained demand at $13 could catalyze further upside, while failure to maintain this level may prompt a retest of lower support zones.
