Sustained Rally: LINK price continues to sustain the rally, approaching the $12 mark.
Impressive Jump: The LINK price has surged almost 60% in the last six days.
Bitcoin's Influence: As Bitcoin reaches the $35K mark, the overall crypto market, including LINK, is on the rise.
Breakout Momentum: A breakout above $12 could refresh the momentum and potentially lead to a jump to $15.
Current Price: LINK is currently trading at $11.528 with an intraday growth of 11.19%.
Technical Indicators - EMA: Both the 50-day and 200-day EMAs are rising, signaling a bullish trend.
Technical Indicators - RSI: The RSI remains in the overbought zone, indicating strong bullish pressure.
Market Sentiment: Overall market sentiment is bullish, supporting the LINK price prediction for a prolonged recovery.
Weekly Chart: The breakout rally sustains above the 200-day EMA in the weekly chart.
Golden Crossover: A golden crossover is increasingly likely in the weekly chart, signaling a long-term bullish trend.
Next Milestone: The next target for LINK is the $15 mark.
Retest Possibility: A retest of the trendline breakout is possible but seems less likely given the strong bullish momentum.
Impressive Jump: The LINK price has surged almost 60% in the last six days.
Bitcoin's Influence: As Bitcoin reaches the $35K mark, the overall crypto market, including LINK, is on the rise.
Breakout Momentum: A breakout above $12 could refresh the momentum and potentially lead to a jump to $15.
Current Price: LINK is currently trading at $11.528 with an intraday growth of 11.19%.
Technical Indicators - EMA: Both the 50-day and 200-day EMAs are rising, signaling a bullish trend.
Technical Indicators - RSI: The RSI remains in the overbought zone, indicating strong bullish pressure.
Market Sentiment: Overall market sentiment is bullish, supporting the LINK price prediction for a prolonged recovery.
Weekly Chart: The breakout rally sustains above the 200-day EMA in the weekly chart.
Golden Crossover: A golden crossover is increasingly likely in the weekly chart, signaling a long-term bullish trend.
Next Milestone: The next target for LINK is the $15 mark.
Retest Possibility: A retest of the trendline breakout is possible but seems less likely given the strong bullish momentum.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.