$LINK Eyes Rebound to $13.5 — Early Bullish Signs Emerging 📈

📉 Chainlink ($LINK) recently tapped the lower boundary of a descending channel, slipping from range highs. Now trading at $11.82 with a market cap of $8.01B, it’s at a crucial inflection point.

🌀 The daily chart shows a rounded base forming around the $11.00 support. This suggests early bullish momentum. A slight daily gain reinforces the idea of dip-buyers stepping in.

📊 Bollinger Bands have widened, and LINK is rebounding from the lower band at $11.51. If it clears $12.00, we could see a run toward the $13.20–$13.50 resistance zone, with $13.36 as mid-band resistance.

🧠 RSI sits at 33.63, just above oversold territory. This may signal undervaluation and early accumulation. However, a break below $11.50 could see LINK revisit the $11.00 support area.

📌 In short, if buyers step up soon, $13.5 is back on the table — but a weak bounce might invalidate the bullish setup.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.