Chainlink Price Poised for Bullish Breakout on Rising Exchange Outflows

Chainlink (LINK) appears set for a bullish reversal after testing a critical $12.60 resistance level. The cryptocurrency, having fallen to a monthly low of $10.15, is showing clear technical signs such as a bullish divergence, a falling wedge pattern, and rising momentum indicators like MACD, RSI, and the Awesome Oscillator. Additionally, increasing exchange outflows—evidence that investors are transferring tokens to self-custody—further reinforce the positive outlook. These factors combine to suggest that LINK may break through resistance and target a psychological price level of $15, marking an approximate 15% gain from its current position. While the token has experienced a significant downtrend from a high of $30.80 in November to this month's low, the present technical setup indicates a potential turnaround in price momentum.