Crypto
Chainlink Bullish Divergence Remains Active
Chainlink's bullish divergence remains in place, according to trader @CryptoMichNL. This setup is still active and poised to resolve higher for LINK.
The token trades within a range of $7.96 support and $8.53 resistance, with the EMA50 at $8.32 acting as a cap on upside and the EMA200 at $8.19 providing underlying support.
Despite the RSI sitting neutral at 49.38, the MACD golden cross at -0.03 signals building momentum, indicating a likely test of upper-band resistance before any deeper pullback to the 200-EMA.
The Chainlink oracle network's continued adoption is driving long-term LINK price prediction models and reinforcing bullish divergence patterns observed over the past year.