Karla Barker 
Daily Structure Shows Pressure on Key Trendline
LINK traded around $13.12 on November 28, pressing against a lower high trendline that has controlled price action for months. The structure remains somewhat weak, but there’s space for a potential move toward $16 or even $20 if the market finds enough strength. Traders are watching the $13.50 zone closely as a key trigger for short-term direction.
The daily candle turned soft again, and LINKBTC also declined. But the pair is moving near that lower high trendline that has guided price since early autumn. Each rally has been blocked by this line so far. A clean break above could really shift the market tone. It might help LINK build a new bullish structure from its current position.
LINK closed indecisively, and there’s definite weakness present. I think we need to wait for more mature candles from LINKBTC to gain proper upside momentum. Above $13.50 looks bullish where I’d consider long positions. Below that, we’ll probably see more sideways volatility.
Intraday Action and Key Levels
Intraday movement stayed pretty slow through the session. The chart didn’t offer many strong impulses. Traders have marked $13.50 as important intraday resistance. A move above this line could signal bullish intent and maybe open a path toward $14.00 and then the $16.00 level.
Holding below $13.50 would keep the structure bearish. The chart shows $11.80 as the next major support area. This zone played an important role earlier in the month. Breaks toward this region often brought sharp reactions, so traders are watching carefully as the weekend approaches.
The chart also reveals a series of equal lows that show a stable base near the $12 area. This pattern offers additional support for traders looking at long setups. The downside seems limited as long as price holds above this base.
Broader Outlook and Resistance Areas
Looking at the broader picture, there’s been a long decline that started near $20 back in September. The downtrend formed a clean diagonal line that meets current price near the $13 zone. A break above this diagonal could allow LINK to move toward $16. Later progression toward $20 would need strong market support.
There’s historic resistance near $30.00 from earlier in the year, though that’s quite far from current levels. Still, it’s an important marker for long-term traders. Intermediate levels at $16 and $20 would need to break first.
Support levels at $12.50, $10.00, $9.50, $7.30, $6.00, and $5.00 also appear on the chart. These show clear zones from previous cycles that traders use for planning entries and exits. The market doesn’t have any strong catalyst right now, but the chart structure shows potential for a shift if that trendline finally breaks.