๐๐๐ก๐ ๐๐ถ๐๐ $๐ญ๐ฑ.๐ด๐ญ ๐๐๐ ๐๐ฎ๐ป ๐๐๐น๐น๐ ๐๐ผ๐น๐ฑ ๐ช๐ต๐ฒ๐ป ๐ฉ๐ผ๐น๐๐บ๐ฒ ๐๐ผ๐ผ๐น๐?
๐ Whatโs happening now
Chainlink (LINK) jumped to $15.81, continuing its uptrend โ but signs of fatigue are showing.
Momentum remains bullish in the short term, but traders are watching closely as the pace slows and volume dips.
๐งฉ Key technicals:
LINK surged from around $13.50 โ $15.80 recently.
Price now moves inside a tight range: roughly $14.20 to 15
On the 1-hour chart (1H), trend indicators still look bullish (moving averages, trend strength).
On the 4-hour chart (4H), momentum is fading: RSI near 67 (almost overbought), MACD histogram weakening, and lower volume as price rises.
๐ง Why $14.20 still matters
$14.20 was the last major swing low & EMA support.
If LINK stays above it, the uptrend structure remains solid.
If price breaks below $14.20 with high volume โ deeper correction likely toward $13.90โ$14.00 or even $13.50.
๐ Momentum vs. caution
Short-term bullish:
โ Trend strength (ADX), moving averages aligned, RSI still under extreme overbought, suggesting possible continuation.
โ Strong support areas near $14.20โ$14.40.
Medium-term caution:
โ ๏ธ RSI on 4H nearing 70 โ might trigger profit-taking.
โ ๏ธ MACD histogram declining even as price makes higher highs โ a common divergence.
โ ๏ธ Lower volume on recent candles โ fewer new buyers stepping in.
๐ What traders should watch next
If LINK holds above $15.50 (adjusted for new price) โ next targets: $16.20 โ $16.50 โ $17.00.
Break below $15.20 (new adjusted short-term support) โ price could retest $14.80 or deeper.
If volume recovers & RSI resets lower โ fresh bullish leg possible.
๐ Summary in plain words
LINK is still in an uptrend, but momentum is cooling.
Traders should watch support levels & volume closely: a bounce keeps bulls in control, but a high-volume drop under $14.20โ$15.20 risks deeper pullback.