UPDATES -
1. Price Action & Momentum
- Recent surge: #LINK🔥🔥🔥 has spiked sharply—over 113% from its yearly low, reaching around $22.46. This rally is supported by whale accumulation, declining exchange reserves, and protocol-level buybacks.
- Elliott Wave structure: Analysts suggest it's in a bullish third wave, with a breakout above the $17.85 neckline following a double-bottom around $10.95.
Potential upside targets:
- Short term: ~$25.51 (+15%)
- Medium term: $30–$38, guided by wave projection and channel resistance.
2. Indicator & Moving Average Signals
- Bitget signals: On the daily chart, 18 indicators are bullish vs. 7 neutral, including 13 bullish moving averages—implying a Strong Buy sentiment.
- Investing.com reports consistent Strong Buy across multiple timeframes (hourly to monthly). RSI (~55.5), Stochastic (~72), MACD (~0.26) are bullish; ADX (~24.4) shows moderate trend strength.
- TipRanks outlook: Overall Buy rating. Mixed short-term signals—some MAs (like 10-day) are bearish, while longer-term averages (50-day, 100-day, 200-day) are bullish. RSI (~48.7) remains neutral.
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