<ul><li>Chainlink (LINK) has shown signs of recovery after bouncing off a 24-hour low of $13.07 and closing the day at $14.862.</li><li>The overall trend for Chainlink remains mixed due to a bearish EMA crossover, but there is strong bullish support around the $14 level.</li><li>Key resistance levels for Chainlink to watch are at the 38.20% Fibonacci level ($15.29) and the 50% Fibonacci level (~$17.30). Breaking these levels is crucial for a move towards $20.</li><li>A potential risk to Chainlink's bullish outlook is the surge in supply, with 2.23 million LINK tokens being moved to exchanges in the last two weeks, increasing liquidity and potentially triggering profit-taking and a price correction.</li></ul>

Chainlink Eyes Breakout: Can the Demand Zone Propel LINK Beyond $20?

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