Chainlink’s LINK Bounces 4% Toward $14 — Breakout In Sight, Traders Take Note
Key Insights LINK surged 4.17%, reaching a session high of $13.97, outperforming major benchmarks including BTC and the CoinDesk 5 Index.Breakout above $13.58 was powered by a 95% spike in volume, signaling institutional accumulation, not retail speculation.LINK continues to form higher lows and step-ladder breakouts, a strong technical continuation pattern. Price Action Analysis Momentum: Sustained buy-side pressure with per-minute activity above 65K indicates strong demand.Structure: Clean ascending trend with a solid breakout base at $13.11.Next levels: A push above the $14.00 psychological zone would expose upside targets at $14.25 → $14.50.Support: Short-term buyers are defending $13.30–$13.40, with protective support near $13.70. Trader Watch Points Break $14.00 with volume → signals continuation rally toward $14.50.Watch for volume follow-through: must stay above 80–90% of daily average to confirm trend.Failure at $14.00 may trigger a retest of $13.70 before another attempt higher.Institutional inflows are rising — monitor large-lot activity and CEX order-book imbalances. Trader Recommendation (Not Financial Advice) Bullish Bias: Favorable above $13.70 support. Momentum traders can watch for a textbook breakout retest setup.Neutral/Bounce Traders: Consider accumulating between $13.30–$13.50 if volume stays supportive.Risk Management: A daily close below $13.30 weakens trend structure — reassess long positions. #Chainlink #LINK #CryptoAnalysis #LINKPrice #altcoins