LINK (Chainlink) shows strength and tests critical region
After a sequence of consolidation, LINK rises again and tests the $14 range, with reversal structure gaining strength.
๐ [Daily Chart โ LINK/USDT]
โข Current price: $13.78 (+0.15%)
โข RSI(6): 61.91 โ exiting the neutral zone, with increasing strength
โข Volume: healthy, with no signs of exhaustion
โข EMAs:
โโช EMA7: $13.39 โ (price above)
โโช EMA25: $13.43 โ (also surpassed)
โโช EMA99: $14.45 โ (still a macro resistance)
LINK shows clear technical recovery after the low at $10.94.
With the breaking of short-term averages and approaching EMA99, the asset signals an attempt to resume the trend.
๐ Important levels:
โข Immediate resistance: $14.45 (EMA99)
โข Technical support: $13.43 (EMA25) and $12.99 (congestion zone)
๐ข Possible strategy:
โ DCA can be considered at the current zone, especially for those who believe in the strength of the Chainlink network in the medium/long term.
โ Confirmation will only come with a breakout of EMA99 and a close above $14.50.
โ Otherwise, it may lateralize between $13โ$14 before a new movement.
โ๏ธ Technical summary:
โ๏ธ Short and intermediate averages surpassed
โ๏ธ RSI with upward bias
โ ๏ธ EMA99 still imposes technical limit
๐ธ Consistent volume, without artificial spikes
โณ Aggressive entry requires breaking $14.50 with confirmation
Disclaimer: This analysis is educational. It does not represent financial advice. Do your own research before investing.
#LINKupdate #ChainlinkAnalysis #CryptoReading #TechnicalBreakout #Write2Earn
