Rajarshi Mitra
Independent Analyst
- LINK/USD bears dominated this Monday.
- Bearish price action forced the RSI to drop below the overbought zone.
- MACD is looking to reverse market momentum from bullish to bearish.
LINK/USD daily chart
LINK/USD crashed from $8.065 to $7.487 as the bears dominated this Monday. The price has dropped below the upward trending line and the RSI has fallen from the overbought zone. The MACD line is about to cross over the signal line, indicating that the market momentum is going to reverse from bullish to bearish.
Support and Resistance
LINK/USD has strong resistance levels at $8.06 and $8.625. On the downside, we have good support at $7.40 and $6.45.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Cardano stabilizes near $0.62 after Trump’s 90-day tariff pause-led surge
Cardano stabilizes around $0.62 on Thursday after a sharp recovery the previous day, triggered by US Donald Trump’s decision to pause tariffs for 90 days except for China and other countries that had retaliated against the reciprocal tariffs announced on April 2.
Solana signals bullish breakout as Huma Finance 2.0 launches on the network
Solana retests falling wedge pattern resistance as a 30% breakout looms. Huma Finance 2.0 joins the Solana DeFi ecosystem, allowing access to stable, real yield. A neutral RSI and macroeconomic uncertainty due to US President Donald Trump’s tariff policy could limit SOL’s rebound.
Bitcoin stabilizes around $82,000, Dead-Cat bounce or trendline breakout
Bitcoin (BTC) price stabilizes at around $82,000 on Thursday after recovering 8.25% the previous day. US President Donald Trump's announcement of a 90-day tariff pause on Wednesday triggered a sharp recovery in the crypto market.
Top 3 gainers Flare, Ondo and Bittensor: Will altcoins outperform Bitcoin after Trump's tariff pause?
Altcoins led by Flare, Ondo and Bittensor surge on Thursday as markets welcome President Trump's tariff pause. Bitcoin rally falters as traders quickly book profits amid Trump's constantly changing tariff policy.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.