Bullish sentiment and tightening volatility indicate that LINK is about to experience a decisive price movement.

The technical indicators and the clearing area are consistent, laying the foundation for a breakthrough at $14.10.
Chainlink [链接] has entered a consolidation phase as retail and institutional participants' bullish sentiment strengthens.

At the same time, volatility has significantly tightened. The 30-day volatility of LINK dropped from a recent high of 81.11% to a low of 60.80% on June 9.

This type of compression usually indicates that a strong directional move is about to occur.

As of the time of writing, the trading price of LINK is $13.86, and if this sentiment-driven foundation can continue to drive its development, LINK seems poised for a breakout.

Is LINK forming a V-shaped recovery?
Technically, LINK has rebounded from the major support level of $12.64 and is currently forming a potential V-shaped recovery pattern.

The structure is supported by Fibonacci levels, where $15.22 marks the 0.618 retracement zone.

This rebound is in line with the short-term trend line. If the price continues to rise, this trend line may become a dynamic support. However, the price must break through $14.10 to trigger the next wave of increase.

The price structure also shows that a higher low is forming, indicating that the bullish market structure will remain stable unless it breaks through $12.64. These factors suggest that the upward trend may continue in the short term.