Chainlink (LINK) trades near $13.12, with traders closely watching the $13.50, $16, and $20 levels for a potential breakout move. Despite a lack of significant intraday momentum, LINK’s chart reveals key areas of interest for both bulls and bears. A decisive break above the long-term trendline could signal a shift towards higher prices. However, the token’s current price is held near the lower high trendline, which has served as a barrier to progress for months. Analysts are awaiting clear signals before entering positions. The daily chart highlights potential breakout momentum but remains indecisive. Support at $12.50 and $11.80 present crucial safety nets for bears. A sustained move above the trendline, however, would signal a bullish shift towards resistance levels of $16 and $20.