1 month ago
13
The 100-day SMA near $8.60 and the 0.382 Fibonacci retracement are blocking price from above, while the 50-day SMA around $8.04 and the 0.236 Fib form the lower boundary. A convincing daily break on either side could give a much clearer signal of whether buyers or sellers are taking control.
Key Takeaways
- LINK remains trapped inside a tightening range, trading for $8.25 at the time of writing.
- The 100-day SMA remains the key ceiling.
- The 50-day SMA anchors the lower boundary.
- The bank’s $200 call sparked little reaction.
- The next daily closes could confirm direction.
Chainlink Is Running Out of Room
For buyers, briefly trading above the upper boundary would not be enough. A daily close through the ceiling would provide much stronger evidence that LINK is escaping the consolidation, especially if price can hold the area on a retest.
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