- The LINK token chart shows a bullish crossover of the 20 EMA with the 50-200-day EMA together
- The LINK/BTC pair traded at 0.0006416 BTC with a gain of 11.76%
- The 24 hr trading volume in LINK token is $1.61 Billion
The LINK token shows a steady uptrend in the chart, making higher highs and higher lows. This bullish rally has provided some fantastic opportunities to LINK traders as the price keeps knocking out newer resistance levels one by one. Furthermore, the price has recently given a breakout from the $28.6 resistance and is now charging towards its next target around the $31-32.2 mark.
Concerning the EMA’s, the LINK token is in a solid bullish trendline as the price is moving above all the crucial EMA’s of 20, 50, 100, and 200; moreover, the coin chart also shows a bullish crossover of the 20 EMA with the 50-100 EMA.
The RSI (BULLISH) value is 75, indicating a strong bullish sentiment in the LINK token as the price is slowly charging towards the overbought zone.
The LINK Token Price Respects The Levels Of Its Ascending Trendline
The LINK token’s price increases firmly with its rising trendline displayed in the 4hr time frame chart. The price has taken multiple supports from this trendline, making it highly reliable. Thus, the LINK traders can grab some great long entry opportunities in this coin until the trendline is intact.
The MACD indicator (BULLISH) shows that both MACD and signal are moving above the neutral zone (0.00), indicating a strong bullish momentum in the token.
Conclusion: From the technical perspective, the LINK token has a bullish outlook based on its price action and indicators, which makes a favourable condition for market participants who are interested in the coin. As mentioned above, the price is about to reach another AOI level of around $31-32.2 which could provide a good opportunity for LINK traders;