LINK (Chainlink) shows strength and approaches key resistance
After a period of consolidation, LINK is pushing higher again, now testing the $14 zone with a bullish recovery structure forming.
๐ [Daily Chart โ LINK/USDT]
โข Current price: $13.78 (+0.15%)
โข RSI(6): 61.91 โ rising from neutral zone, gaining strength
โข Volume: healthy, no signs of exhaustion
โข EMAs:
โโช EMA7: $13.39 โ (price above)
โโช EMA25: $13.43 โ (also broken)
โโช EMA99: $14.45 โ (still acting as macro resistance)
LINK is showing a clear recovery after bottoming out at $10.94.
Breaking above short- and mid-term EMAs adds to bullish momentum, but EMA99 remains the line to beat.
๐ Key levels to watch:
โข Immediate resistance: $14.45 (EMA99)
โข Support: $13.43 (EMA25) and $12.99 (recent consolidation zone)
๐ข Strategy outlook:
โ DCA could make sense at current levels for long-term believers in Chainlink's network.
โ A true breakout would require a daily close above $14.50 with strong volume.
โ Otherwise, price may consolidate between $13โ$14 before next move.
โ๏ธ Technical Summary:
โ๏ธ EMA7 and EMA25 reclaimed
โ๏ธ RSI trending upward
โ ๏ธ EMA99 remains a key resistance
๐ธ Volume consistent โ no speculative spikes
โณ Aggressive entries need confirmation above $14.50
Disclaimer: This is an educational market analysis. Not financial advice. Always do your own research.
#LINKupdate #ChainlinkAnalysis #CryptoReading #TechnicalBreakout #Write2Earn
