$LINK ⛓️ LINK's $16.80 Reclaim: The Bullish Confirmation Zone

Chainlink (LINK), currently trading near $13.70, is targeting the critical $16.80 resistance level, which represents an approximate 22.6% rally. This $16.80 price point is exceptionally important as it aligns with a major previous support level turned resistance and is the key technical trigger zone cited by analysts. A sustained, high-volume close above $16.80 is necessary to confirm a definitive breakout from the multi-month consolidation pattern.

The push is fundamentally supported by Chainlink's Cross-Chain Interoperability Protocol (CCIP), which continues to gain momentum with major platforms like Coinbase adopting it, bolstering LINK's narrative as the essential infrastructure for traditional finance entering the blockchain space. However, the price currently faces immediate resistance near the $14.96 Fibonacci level and technical indicators are showing a short-term "Sell" signal.

For LINK to hit $16.80, it must first decisively clear the intermediate resistance cluster around $14.96 to $15.50. A successful, high-volume move above $16.80 would invalidate the current bearish structure, triggering fresh buying interest and setting the stage for a push toward the next major resistance cluster near $18.00 to $20.00.