🌐 Chainlink price tests major S/R zone at $10, will bulls regain momentum?

🔔 According to data from cryptonews, Chainlink link1.82% Chainlink traded around $10.2 at press time on May 14 after briefly rallying toward $10.8 earlier this week. The token has recovered significantly from its February lows near $7.2, though momentum has started slowing after the latest breakout attempt stalled near the 0.5 Fibonacci retracement level. The recent rebound in LINK has been supported by improving sentiment across the broader crypto market alongside growing institutional interest in tokenized real-world assets, a sector where Chainlink continues positioning itself as a core infrastructure provider.

⚠️ Investor sentiment around the protocol also strengthened this week after Chainlink announced new integrations tied to its Cross-Chain Interoperability Protocol and data infrastructure offerings, further expanding its role within the tokenization and decentralized finance ecosystem.

📊 At the same time, derivatives sentiment has continued improving, with LINK futures open interest and funding rates remaining positive over recent sessions, signaling that traders still maintain a moderately bullish positioning despite the latest pullback.

🔗 On the daily chart, Chainlink recently broke above the key 0.382 Fibonacci retracement level near $9.93 before rallying toward resistance around the 0.5 retracement zone near $10.79, where sellers became increasingly active.