- LINK trades near $13.18, with $13.50-$13.65 as key resistance and $12.40 as critical downside support.
- Michael van de Poppe targets $14.50-$15, while Axel Bitblaze sees $22 after a weekly close above $13.50.
- A whale deposited another $7.6M in LINK to Coinbase, bringing recent transfers to 2.41M LINK worth $26.04M.
Chainlink (LINK) is trading near $13.18 after a sharp recovery, with analysts watching $13.50 as the next test. Michael van de Poppe targets $14.50-$15.00, while Axel Bitblaze sees $22 after a weekly close above $13.50. However, Onchain Lens reported another $7.6 million LINK deposit to Coinbase.
LINK Targets $15
The one-hour chart shows LINK rising from about $11.00-$11.20 earlier. Since then, price has formed higher highs and higher lows during the recovery. The strongest move came after LINK broke from the $12.30-$12.40 region.
Price reached about $13.65 before pulling back toward $13.18. Immediate support is near $13.00, followed by $12.50-$12.40. Meanwhile, $13.50-$13.65 remains the main resistance after the latest rejection.
Van de Poppe said LINK could move toward $14.50-$15.00. He also identified $11 as the first potential entry zone and $10 as the second.
Analysts Track $13.50 and Higher Price Levels
Bitblaze focused on $13.50, saying LINK needs a weekly close above that level. He placed $22 as the next target after such a close. Meanwhile, author Quinten highlighted several developments involving Chainlink.
He cited $34.2 trillion in cumulative transaction value enabled and a Mastercard partnership targeting more than three billion cardholders. Quinten also mentioned UBS completing a live tokenized fund transaction. In addition, he said Swift is working with Chainlink to connect banks and blockchains.
Whale Sends Another $7.6 Million to Coinbase
Onchain Lens reported that a whale deposited 620,420 LINK, worth about $7.6 million, to Coinbase. The transaction adds to transfers recorded during the past three weeks.
According to Onchain Lens, the wallet has now sent 2.41 million LINK to Coinbase. Those tokens were previously accumulated from Binance, with the transfers valued at about $26.04 million. Meanwhile, momentum indicators remain positive on the one-hour chart.
RSI is at 62.61, while MACD remains above its signal line. The MACD line is near 0.285 against 0.259 for the signal line. However, the histogram has narrowed to about 0.025, showing slower momentum acceleration.
A break above $13.50-$13.65 could expose $14.00 and higher levels. Conversely, losing $12.40 would weaken the current structure.
