Chainlink’s LINK Token Surges to Nearly $14 Amid Increased Institutional Demand
- Chainlink’s LINK token rose by 4.17% on Tuesday, approaching $14.
- The price breakout occurred after LINK surpassed the resistance level of $13.58.
- Trading volumes increased by 95% above the daily average during this rally.
- Key support levels are identified between $13.30 and $13.40, with resistance at $14 and $14.25.
- The price structure shows a clean step-ladder pattern indicating strong technical momentum.
The recent surge in oracle infrastructure assets has driven institutional interest, contributing to LINK’s performance against broader market trends, including Bitcoin.
With LINK nearing the psychological barrier of $14, it may target further gains around $14.25-$14.50 if momentum continues.(Source)
