Chainlink’s 4.91% Rebound Leaves LINK Below Key Resistance Levels

Chainlink (LINK) gained 4.91% over 24 hours to $13.49 on Binance spot but remained below resistance at $13.72 and $13.94.

The session range was $12.84 to $13.51. LINK’s 20-day simple moving average stood at $13.76, with support levels at $13.05 and $12.61 and a pivot at $13.28.

At $13.49, LINK was $0.33 above the $13.160 downside trigger and $2.29 below the $15.780 upside trigger. A close above $15.780 was associated with a possible move toward $21.50, while a close below $13.160 was associated with a possible move toward $12.041. Neither scenario carried an assigned probability.

Momentum readings were mixed. The daily 14-period relative strength index was 52.93, while the moving average convergence/divergence line and signal line were both 0.2089. The resulting histogram reading was 0.0000.

Binance spot volume was approximately $19.42 million during the covered 24-hour period. Binance Futures funding was 0.0018% over eight hours, and open interest was about $108.45 million, down 1.61% over 24 hours.

A Binance account snapshot at 3 a.m. ET (7 a.m. UTC) showed 62% of accounts long and 38% short. Among top traders, 68.3% were long and 31.7% were short. The one-hour taker buy-to-sell reading was 0.9989, based on 128,995 buy contracts and 129,137 sell contracts.

The market readings were not identical across snapshots. One historical Binance-linked reading placed LINK at $13.35 with a 3.831% 24-hour gain at 4:17 a.m. ET (8:17 a.m. UTC), while another captured reading showed $13.485 and a 4.79% gain.

An earlier report examined the unconfirmed breakout setup around $18.40, identified as a longer-term descending resistance level. No breakout above $18.40 occurred in the cited snapshots.