Chainlink breaks through key levels, bull run coming? Chainlink (LINK) shows bullish outlook after breaking through key descending trendline, currently trading at $12.79, up 4.50% in 24 hours and 9.73% in 7 days, with a circulating supply of 630 million LINK, a market cap of $8.02 billion, and a 24-hour trading volume of $565.3 million. The key for LINK is to stay above $13.00, and a move towards the $19.14 resistance level could signal further strength, with potential targets extending to $20.00 or even higher. On the 4-hour chart, LINK is trading above the Bollinger Bands, with the middle range of $11,332 as immediate support, and a break below could see it fall to $11,076. The relative strength index (RSI) is 56.46, slightly above neutral, indicating mild bullish momentum, with room to rise but weak buying pressure. The Moving Average Convergence Divergence (MACD) indicator showed a slightly bullish crossover, indicating weak but positive momentum, but caution is required as momentum can shift quickly. Recent on-chain data shows an increase in Chainlink trading activity, and derivatives data also reflects increased market activity, with both trading volume and open interest rising. These trends support LINK's current price trend and outlook.