LINK recently rebounded strongly from the $12.00 demand zone and is currently trading within a clear range. The pattern formed from the bottom confirms that the market structure has shifted from weak to strong, followed by a standard bullish pattern with higher highs and higher lows in the $14.30-$14.50 resistance zone. At this stage, the price consolidates below this key supply area, which indicates pressure accumulation rather than weakness.

The current retracement is shallow, and the price remains above the $13.50-$13.60 support zone, which coincides with the previous breakout level. As long as the $13.50 level holds, the upward structure will remain intact. Once a valid breakout above $14.50 is established and a close is secured, it is likely to trigger a subsequent rally toward $15.20 or even $16.00.
Conversely, if the $13.50 support fails, the downside risk points to the $12.80-$12.60 area, where there was previously clear buying defense.