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Chainlink price forms bullish double bottom, eyeing breakout above $10 toward $12

Technical Signals
14 Apr 2026
Crypto news
View Source
Bullish
pluang ai news

Chainlink (LINK) price has risen about 13% from monthly lows to $9.40, forming a bullish double bottom pattern that suggests a potential breakout above $10. If this breakout occurs, the price could surge toward $12, driven by strong whale accumulation and declining exchange reserves indicating long-term confidence. Momentum indicators like MACD and RSI support a recovery, but a drop below $8 could invalidate the bullish setup. Investors should watch the $10 resistance as a key level for confirmation of the upward move.

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