Chainlink Price Holds $13 Support as Technicals and DeFi Demand Align
The post Chainlink Price Holds $13 Support as Technicals and DeFi Demand Align appeared on BitcoinEthereumNews.com. TLDR: Chainlink stabilizes above $13, signaling strong support after weeks of downward pressure. Technical patterns point to breakout targets at $17.50, $19.30, and $26.00. LINK powers stablecoin security via Proof of Reserve and CCIP interoperability. Weekly gains and bullish volume suggest LINK may enter a breakout phase soon. After weeks of downward pressure, Chainlink (LINK) appears to be entering a new phase marked by price stability and growing bullish momentum. The token has managed to hold firmly above the $13 mark, forming a clear support level that has sparked renewed investor confidence. Recent price movements suggest consolidation, with analysts pointing to signs that the market structure is shifting. Traders now see a possible breakout scenario taking shape, supported by strengthening fundamentals and technical patterns. With LINK’s price hovering around $13.53, many are watching closely for the next major move. Strong Support Forms Near $13 as Chainlink Bulls Reclaim Ground According to market observer Jacob James, Chainlink has built a base above $13 following a prolonged downtrend. Several failed attempts to push the price lower have instead reinforced this level as a strong support zone. The chart shows that LINK is now consolidating between $13.31 and $13.35, signaling a steady accumulation phase. $LINK has finally stabilized after a long downtrend Strong support held and price is now forming a base above $13+ Structure is shifting a breakout could trigger a sharp rally! Momentum building, bulls may take full control from here pic.twitter.com/uWDqId8PMX — Jacob James (@Jacob_james656) July 8, 2025 This pattern often precedes upward movements, especially when coupled with an increase in buying pressure and narrowing price ranges. Momentum indicators also point to a gradual shift toward bullish control. Recent green candles on the daily chart are seen as early signs of a potential breakout. If price closes above nearby resistance…
The post Chainlink Price Holds $13 Support as Technicals and DeFi Demand Align appeared on BitcoinEthereumNews.com.
TLDR: Chainlink stabilizes above $13, signaling strong support after weeks of downward pressure. Technical patterns point to breakout targets at $17.50, $19.30, and $26.00. LINK powers stablecoin security via Proof of Reserve and CCIP interoperability. Weekly gains and bullish volume suggest LINK may enter a breakout phase soon. After weeks of downward pressure, Chainlink (LINK) appears to be entering a new phase marked by price stability and growing bullish momentum. The token has managed to hold firmly above the $13 mark, forming a clear support level that has sparked renewed investor confidence. Recent price movements suggest consolidation, with analysts pointing to signs that the market structure is shifting. Traders now see a possible breakout scenario taking shape, supported by strengthening fundamentals and technical patterns. With LINK’s price hovering around $13.53, many are watching closely for the next major move. Strong Support Forms Near $13 as Chainlink Bulls Reclaim Ground According to market observer Jacob James, Chainlink has built a base above $13 following a prolonged downtrend. Several failed attempts to push the price lower have instead reinforced this level as a strong support zone. The chart shows that LINK is now consolidating between $13.31 and $13.35, signaling a steady accumulation phase. $LINK has finally stabilized after a long downtrend Strong support held and price is now forming a base above $13+ Structure is shifting a breakout could trigger a sharp rally! Momentum building, bulls may take full control from here pic.twitter.com/uWDqId8PMX — Jacob James (@Jacob_james656) July 8, 2025 This pattern often precedes upward movements, especially when coupled with an increase in buying pressure and narrowing price ranges. Momentum indicators also point to a gradual shift toward bullish control. Recent green candles on the daily chart are seen as early signs of a potential breakout. If price closes above nearby resistance…
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