After a promising rebound from its $10 support, Chainlink (LINK) recently gained by over 74% and touched its 6-month high near...
Chainlink surged by over 74% in 3 weeks to test its 6-month high near $18.7 after breaking above key EMAsChainlink
LINK was trading at around $17.87, at the time of writing, experiencing a slight pullback after hitting the resistance level. Will the bulls break through, or will the price enter a consolidation phase?LINK’s price action over the last few weeks highlighted a steep uptrend, with the token forming higher highs and higher lows while maintaining its bullish momentum.
The Relative Strength Index stood at 65.95 at press time, indicating a bullish edge but nearing overbought territory. If the RSI fails to sustain above 70, the buying pressure might ease and lead to a short-term correction.
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