Chainlink (LINK) gained momentum after it broke the $13.00 resistance. It traded towards $14.25 before correcting lower sharply, but it seems like dips remain limited.
Chainlink token price rallied above the $13.00 and $13.50 resistance levels against the US dollar. The price surged towards the $14.25 level and settled above the 100 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $13.05 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The price corrected lower sharply, but the previous hurdle near $13.00 is now acting as a support. Chainlink (LINK) Is Holding $13.00
In the past few days, there was a steady rise in chainlink (LINK) above the $12.50 resistance zone. The price even settled above the $1.00 resistance and the 100 simple moving average (4-hours).