Crypto
Chainlink Price Grinds Between $11.71 and $12.47 as Smart Money Buys
Chainlink's price has been coiling at $11.98, indicating a standoff between buyers and sellers.
The intraday range of $12.70 to $11.93 suggests that sellers have capped every attempt at $12.70, while buyers have shown up at the lows but lack conviction.
The longer-term trend for Chainlink remains intact, with prices trading above its SMA 50 ($10.62) and SMA 200 ($9.22).
Top traders are positioned long on LINK, with a 1.82 long/short ratio, while the derivatives market shows no signs of being overheated.