Chainlink (LINK) is trading near $13.18 following a sharp recovery, and analysts are watching $13.50 as the next key test. Chainlink is a decentralized oracle network that supplies off-chain data, such as asset prices, to smart contracts, and LINK is the token used to pay for its services. Michael van de Poppe has set a target of $14.50-$15.00, while Axel Bitblaze sees $22 after a weekly close above $13.50. Meanwhile, Onchain Lens reported another $7.6 million LINK deposit to Coinbase by a whale.

At current levels, $13.50-$13.65 stands as the main resistance and $12.40 as critical downside support.

LINK Targets $15

The one-hour chart shows LINK climbing from roughly $11.00-$11.20 earlier. Since then, price has formed higher highs and higher lows during the recovery, with the strongest move coming after LINK broke out of the $12.30-$12.40 region.

Price reached approximately $13.65 before pulling back toward $13.18. Immediate support sits near $13.00, followed by $12.50-$12.40, while $13.50-$13.65 remains the primary resistance zone after the latest rejection.

Van de Poppe said LINK could move toward $14.50-$15.00. He also identified $11 as the first potential entry zone and $10 as the second.

Analysts Track $13.50 and Higher Price Levels

Bitblaze focused on the $13.50 level, saying LINK needs a weekly close above it, and placed $22 as the next target after such a close.

Meanwhile, author Quinten highlighted several developments involving Chainlink. He cited $34.2 trillion in cumulative transaction value enabled, a Mastercard partnership targeting more than three billion cardholders, and UBS completing a live tokenized fund transaction. He also noted that Swift is working with Chainlink to connect banks and blockchains. These institutional collaborations sit within a broader industry trend of traditional financial firms experimenting with tokenized assets and blockchain-based settlement, an area where oracle infrastructure is needed to move data between legacy systems and distributed ledgers.

Whale Sends Another $7.6 Million to Coinbase

Onchain Lens reported that a whale deposited 620,420 LINK, worth about $7.6 million, to Coinbase. The transaction adds to transfers recorded over the past three weeks. Large transfers from private wallets to exchanges are commonly tracked by onchain analysts because tokens moved onto exchanges become easier to sell, although deposits do not necessarily indicate an intention to sell.

According to Onchain Lens, the wallet has now sent 2.41 million LINK to Coinbase. Those tokens were previously accumulated from Binance, with the transfers valued at about $26.04 million.

Momentum indicators remain positive on the one-hour chart. RSI stands at 62.61, while MACD remains above its signal line, with the MACD line near 0.285 against 0.259 for the signal line. The histogram has narrowed to about 0.025, indicating slower momentum acceleration.

A break above $13.50-$13.65 could expose $14.00 and higher levels. Conversely, losing $12.40 would weaken the current structure.