📊 Market Overview
Current Price: $15.82
24h Volatility: +1.69 (+11.96%)
Near Resistance: $15.25 – $15.91
Strong Support: $14.17 (EMA 200)
📈 Multi-Timeframe Technical Analysis
15M & 1H: RSI is hovering around 65, indicating that the upward momentum is still present but needs close monitoring to avoid overbought conditions.
4H: LINK has broken the long-term downtrend line, confirming a bullish signal.
1D: MACD has crossed above the signal line, confirming a medium-term upward trend.
💼 Suggested Trading Strategy
Spot: Consider buying when the price adjusts to the range of $14.50 – $14.80, with a profit target at $16.00 – $16.50.
Futures:
Enter Long Position: When the price exceeds $15.25 with strong volume.
Stop Loss: Below $14.00
Take Profit: $16.50 – $17.00
📰 Latest News
Chainlink Rewards Program: Season Genesis: Starting from May 8, 2025, LINK stakers can receive rewards from 200 million SXT tokens within 90 days.
Price Prediction: Some analysis predicts LINK could reach $15.91 by the end of this week (as this post goes live, LINK is about to achieve this).
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