Chainlink's ($LINK) Superb Performance

Despite LINK's strong performance in recent months, the asset has been trading sideways for about three weeks. It fluctuates between local support at $13.3 and a resistance level at $15.3.

For a revival in trading activity, LINK needs to decisively break through one of these levels and establish a new threshold. Should the upward movement persist, LINK might approach the resistance area around $16.00-$16.61, with prospects of pushing towards $17 and $18.

On the flip side, if LINK descends and stabilizes below the $13.3 mark, the asset could drop to about $12.84 and even reach the support zone of $11.16-$12.05, where a substantial amount of buyer orders are situated.