Chainlink (LINK) Maintains Key Support at $13, Eyes Potential Resistance Breakout Towards $20.22

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.