Chainlink (LINK) Smashes Through $13 Barrier: Crypto Gains 3.39% – What Levels Are Next?
NEW YORK, NY – Chainlink (LINK), a prominent player in the decentralized oracle network space, showed significant upward momentum on Wednesday, April 12th, surging past a key psychological price level against the US Dollar.
As of 6:27:56 PM UTC, Chainlink (LINK/USD) was trading at 0.4288, representing a 3.39% increase over the previous 24-hour cycle, according to the latest available data.
The 1-day price chart reveals a dynamic session for LINK. The cryptocurrency started the period below its previous close of approximately $12.6506, dipping briefly near the $12.50 mark in the early hours (UTC). However, buyer interest picked up, driving a steady climb throughout the morning, punctuated by a notable rise around 8:30 AM UTC. The most significant surge occurred in the afternoon (UTC), propelling LINK to an intraday high near $13.25 before settling slightly lower at its current level above $13.
Short-Term Outlook & Key Levels:
The successful break above the 13.25** now stands as the immediate resistance level to watch. If bullish momentum continues, traders will be looking to see if LINK can challenge and potentially overcome this resistance.
On the downside, the ** 12.65) and the mid-day trading range (12.80) might offer subsequent support zones.
The ability of LINK to hold above $13 and potentially retest the recent highs will likely depend on continued buying interest and the overall sentiment within the broader cryptocurrency market. The data reflects continuous trading typical of digital assets.
