ChainLink Technical Analysis: LINK/USD continues going up and hits $17.73
|- LINK/USD exploded again even though the digital asset was already overextended.
- LINK bulls are extremely strong right now and eying up $18.
It’s definitely hard to predict when LINK’s rally will stop or at least pause as it seems the digital asset is not facing a lot of selling pressure. ChainLink is currently trading at $17 after a brief pullback towards $16 but the bullish momentum remains strong.
LINK/USD daily chart
-637329224956519869.png){kind=link}
Clearly, LINK’s momentum is unstoppable even though the daily RSI is extremely overextended. The trading volume has been increasing significantly over the past week which indicates the breakout is not just a random pump.
Bulls have defended the daily 12-EMA several times in a row and bounced quite hard from it.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.