Chainlink (LINK) Could Be Heading for $100, But This Level Stands in the Way

$LINK is approaching a point where one breakout could change the entire setup.

Chainlink has picked up pace after spending much of the month moving between roughly $8.1 and $8.5. The token is currently trading at $8.75, after increasing by roughly 4% in the last 24 hours. The latest jump pushed its monthly gains to around 10%.

Traders are now waiting for a breakout to confirm the developing bullish structure.