Chainlink Holds Critical Support as Bulls Target a Breakout Above $20

• LINK holds key $12 support as bulls prepare for a potential breakout toward $20.
• Chainlink gained over 22%, signaling renewed buying momentum after months of consolidation.
• Breaking the macro downtrend could strengthen LINK’s bullish outlook and unlock higher targets.

Chainlink — LINK, now sits at a level that could shape the next major move. The token has spent months trapped within a broad consolidation range. However, bullish momentum has started returning across the crypto market. Bitcoin continues to strengthen near major highs, while traders show greater interest in leading altcoins. LINK has also gained more than 22% since June 22. With buyers defending key support, attention is shifting toward the $18 to $20 region.

Chainlink Defends Key $12 Support

Chainlink has faced persistent selling pressure since the broader downtrend began. That pressure gradually weakened as LINK entered a prolonged consolidation phase. The token has since moved sideways, although sharp swings have continued during the range. This behavior suggests that buyers and sellers remain locked in a close battle. However, recent price strength shows that buyers may be gaining more control.

… Continue reading the full article at the original source below.