Chainlink (LINK) exited its previous trading range between $7 and $10, reaching a high of $15.60 before declining to $13.89. Exchange reserves remain near multi-year lows at approximately 124.3 million LINK, down from a record high of 190 million in early 2024, limiting selling pressure. Holding the $13.58 support level is considered critical to avoid a deeper structural breakdown and allow buyers to challenge the $14.15-$14.60 range. The liquidity zone between $14.25 and $14.40 represents the next short-term target, with $13.80 serving as the key immediate support controlling price direction.
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