Chainlink (LINK) Maintains Key Support at $13, Eyes Potential Resistance Breakout Towards $20.22
Main Idea
Chainlink (LINK) is trading above $16.49 with strong support at $13 and potential resistance levels at $17.64 and $20.22, indicating a bullish trend and potential for further growth.
Key Points
1. Chainlink (LINK) is currently trading at $16.49, maintaining strong support at $13.
2. Key resistance levels are identified at $17.64 and $20.22, with a breakout above $17.64 potentially leading to further price increases.
3. Chainlink's protocol activity remains strong, with daily fees nearing $20,000 in August 2025, despite zero revenue.
4. Technical analysis shows Chainlink is within a rising channel, with $13 as critical support and a potential target of $46 if support holds.
5. The 24-hour trading volume dropped by 13.81%, standing at $373.3 million, while the RSI at 47.95 indicates neutral strength with potential for upward movement.
Description
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