Chainlink’s LINK token surged 4.17% on Tuesday, climbing to just under $14 and breaking through several resistance levels as institutional demand for Oracle infrastructure assets accelerated.
The move marked a rare show of strength after recent headwinds, with LINK outperforming Bitcoin’s advances. and the broader market benchmark CoinDesk 5.
Trading volumes rose sharply during the breakout above the $13.58 resistance level, jumping 95% above the daily average, technical analysis tool CoinDesk Research noted. The rally accelerated with consistent buying pushing LINK with sustained volume throughout, suggesting deliberate accumulation rather than speculative hype, the tool suggested.
The pattern of higher lows and orderly breakouts formed a clean staircase structure, signaling strong technical momentum, the CoinDesk Research tool noted. If LINK manages to break the psychological barrier of $14.00, the next rise targets around $14.25 to $14.50 if the momentum maintains.
Key technical levels to watch
- Support/Resistance: Immediate assistance between $13.30 and $13.40; resistance near $14.00 and $14.25
- Volume analysis: Breakout confirmed with peak volume of 95%; activity per minute sustained above 65,000
- Chart templates: Ascending structure with stepladder starting at $13.11 base
- Targets and risk/reward: Bullish targets between $14.25 and $14.50; downside risk protected by $13.70 support
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
