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Chainlink (LINK) Bulls Target $20 as RSI Breakout Signals Trend Reversal
Chainlink (LINK) Bulls Target $20 as RSI Breakout Signals Trend Reversal
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Chainlink LINK News -
Chainlink (LINK) is showing signs of a potential bullish reversal as it consolidates near $13.50. The cryptocurrency rebounded from a July 2 low of $12.90, forming a rounded bottom pattern—a classic indicator of upward momentum. Hourly charts confirm a short-term breakout, with the price holding firmly above key support at $13.40.
Derivatives markets reflect growing bullish sentiment, with open interest surging from 3.5 million to 6.1 million contracts in just 24 hours. This influx of liquidity, combined with stable funding rates, suggests institutional players are positioning for a rally. The $13.20-$13.40 zone now serves as critical support, while immediate resistance sits at $13.70.
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