ChainLink Price Analysis: LINK/USD bulls take up control, price remains in overbought zone
|LINK/USD daily chart
LINK/USD bulls regained control of the market following a bearish Wednesday. The price has gone up from $9.54 to $9.84. The price is hovering above the 20-day Bollinger Band, showing that it is currently overvalued. The MACD shows increasing bullish momentum. Healthy support lies at $8.67, $8.07 (SMA 20) and $7.64. The increasing width of the 20-day Bollinger jaw shows increasing price volatility.
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