LINK’s breakout above $13.58 with sharply higher volume signals renewed institutional interest, setting near-term targets toward $14.50 if momentum persists.
Chainlink’s LINK token gained 4.17% on Tuesday, reaching a session high of $13.97 and outperforming the CoinDesk 5 Index. The breakout above $13.58 resistance was confirmed by a 95% increase in trading volume, suggesting institutional buying according to CoinDesk Research’s technical analysis. Immediate resistance stands at $14.00 with upside targets near $14.25–$14.50. Support is seen at $13.30–$13.40, with technical patterns indicating strong momentum in an ascending step-ladder structure.