Recently, there has been an interesting development—Nasdaq has partnered with CME Group to launch a new cryptocurrency index, bundling Chainlink, Bitcoin, and Ethereum together. This is actually a recognition of the Chainlink ecosystem.

However, based on price performance, LINK is currently sitting on the sensitive support level of $13. On-chain data does reveal some signals—the trading volume has recently increased by 5%, indicating that some market participants are adjusting their positions, which often suggests that new actions may be coming.

From a technical perspective, if LINK can hold steady at $13, there is a good chance of breaking upward. Especially the liquidity cluster around $15, which has about $1.32 million, could very well become the next short-term target. In other words, the key is whether the $13 bottom can be maintained; once the rebound momentum strengthens, $15 is within reach.