Crypto
Chainlink Breaks Above 200-Day EMA at $9.533
Chainlink's price has just cleared its 200-day EMA at $9.533, a level it hasn't closed above since May. This move is backed by rising volume rather than a quick spike that fades by the next session.
The On-Balance Volume indicator has been rising steadily since August lows, confirming genuine buying behind the price increase. The 20-day EMA, 50-day EMA, and 100-day EMA all sit comfortably below current price, making the EMA stack fully bullish for the first time since April.
The next targets for Chainlink are the 0.786 Fibonacci at $10.012 and the $10 round number, but it must hold its current level on a daily close. A whale recently moved $2.74 million to self-custody, indicating long-term holding conviction rather than preparation to sell.