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Crypto

Chainlink Price Eyes Breakout Above $13.68 Amid Rising Trading Activity

Guavy AI Editorial Team
Instruments
LINK
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The price of Chainlink is consolidating at $13 after a significant bullish move. Traders are looking for the coin to break above its resistance level of $13.68, as derivatives trading volumes continue to rise.

According to TradingView, LINK has already broken out of the resistance at $10.007 and is making a run towards $13.68. The price is currently above its 50-day and 200-day simple moving averages, indicating a bullish trend.

The MACD remains positive, with a histogram reading 0.071, indicating continued momentum despite the current selling pressure in LINK.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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