Chainlink (LINK) Price News: Rallies 4% Amid Crypto Rebound, Outperforming Bitcoin (BTC)
CoinDesk
Chainlink's LINK token surged over 4% to near $14, outperforming Bitcoin and the broader market amid increased institutional demand.Summary
Chainlink's LINK token experienced a significant rally, climbing 4.17% on Tuesday to approach $14, demonstrating strength by outperforming Bitcoin and the CoinDesk 5 Index. This surge was accompanied by a 95% spike in trading volume above the daily average when breaking the $13.58 resistance level, suggesting deliberate accumulation rather than speculative hype. Technical analysis indicates a strong step-ladder structure, and if LINK breaks the $14.00 psychological barrier, the next upside targets are projected to be between $14.25 and $14.50, provided momentum is sustained. Key immediate support is noted at $13.30–$13.40.
(Source：CoinDesk)