With the largest assets Bitcoin (BTC) and Ethereum (ETH) fluctuating around $109.6K and $2.8K. Market sentiment is greedy, as the fear and greed index holds at 65. All assets fluctuate in zones of losses and profits. Meanwhile, Chainlink (LINK) has risen more than 0.98% in the last 24 hours.

In the first hours, LINK traded at a minimum of $14.88. A brief bullish shift pushed the price up, reaching a maximum of $15.49. At the time of writing, Chainlink is trading around $15.41, and its market capitalization reached $10.12 billion.
Additionally, according to Coinglass, the market saw LINK liquidations totaling $1.23 million. Furthermore, the daily trading volume of the asset increased by more than 34.73%, reaching $555 million.
Chainlink has risen more than 9.39% in the last seven days. The weekly minimum is marked at $12.70, and it has gradually transitioned to the current trading level.

The four-hour Chainlink trading chart shows a short-term price correction upwards. A significant breakout beyond this range could trigger a jump to the $15.40 range. If we assume the asset will go up, it may likely rise and test the resistance zone at $15.51. The formation of a golden cross could push the price higher.
On the other hand, if the current price trajectory of the asset reverses, the price may return to its immediate support at the $15.29 zone. A sharp drop below this level could initiate the formation of a death cross and push Chainlink's price down to $15.20 or even lower.

Notably, the technical analysis of the Chainlink chart showed that the moving average convergence divergence (MACD) line crossed the signal line above. This indicates that a more upward trend may be emerging in the market. Moreover, Chainlink's Chaikin Money Flow (CMF) indicator is at 0.22, indicating a positive cash flow with moderate buying pressure in the market.

Additionally, the daily relative strength index (RSI), positioned at 69.61, indicates that the asset is close to the overbought zone. A reversal or consolidation may follow if it crosses 70. The Bull Bear Power (BBP) value of LINK, at 0.70, signals that bulls are controlling the asset, pushing prices higher.

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