$LINK LINK/USDT Chart Analysis (12h timeframe)

Current Price: $13.37

24h Change: +2.69%

24h High / Low: $13.60 / $12.87

Trend: Short-term bullish breakout attempt

Technical Indicators (summary):

Parabolic SAR: SAR dots remain below the price, confirming bullish control in the short term.

MACD: MACD histogram turned green with rising bars, and the MACD line is above the signal line, signaling increasing bullish momentum.

MA5 & MA10: Price has broken above both short-term MAs, with MA5 now rising again—a sign of recovering strength.

Volume: Moderate increase in bullish volume confirms the breakout attempt, though not yet at peak bullish conviction.

Price Action:

#LINK has rebounded sharply from its recent bottom near $10.10 and is now pressing above $13.30. The recovery is structured, with consistent higher lows forming over several candles. Recent candles are green-bodied with expanding volume and minimal wicks, suggesting confident buyer interest. The $13.60 level is the next key resistance to monitor for continuation.

Outlook:

Bullish scenario: A confirmed close above $13.60 with volume could lead LINK to test the $14.40 region next, which marked a prior major rejection. Sustained bullish MACD movement and SAR alignment would support a breakout rally.

Bearish scenario: If LINK fails to hold above $13.00 and falls back below the MA cluster, a move back to $12.15 or even $11.50 is possible. A MACD flattening or SAR reversal would signal momentum loss.

Conclusion:

LINK/USDT is showing promising bullish momentum with indicators aligning in the bulls’ favor. However, it now faces a pivotal resistance at $13.60. A breakout with confirmation could accelerate upside, while failure to sustain may invite short-term retracement. Traders should watch for continuation signals from MACD and SAR in the next sessions.