LINK is showing signs of a breakout on the 8-hour chart, overcoming months of descending trendline pressure. The price has pushed above a key resistance line, suggesting a potential move towards $18. This development follows a period of price compression and reduced volatility, indicating momentum exhaustion rather than renewed selling pressure. Despite the bullish intraday signals, LINK faces significant resistance on the daily chart, particularly around the $16 level. For a confirmed trend reversal, LINK needs consecutive daily closes above this resistance. The $12 region remains a critical support level, with market cap trends indicating controlled demand rather than reactionary spikes. Market cap has climbed steadily above $9.1 billion, reflecting a more stable bullish sentiment. However, sustained acceptance above key resistance levels is necessary to confirm the breakout and guide LINK's near-term direction.