Chainlink has been under heavy selling pressure, trading in a downtrend as broader market weakness drags crypto prices lower.Top crypto analyst Ali Martinez believes that the $13.20 support level could act as a launchpad for a new rebound in LINK's price.A clean breakout above the $16 level and a sustained push above $17 would signal renewed bullish momentum for Chainlink.All eyes are currently on the $13 support level to determine LINK's short-term fate.