Chainlink Price Hits Overbought Territory Amidst Bullish Trend

Chainlink's price has been on a tear, reaching $13.32 as of September 7, 2026. However, momentum readings have pushed into overbought territory, signaling that the market may be due for a correction.

The daily chart shows a clear bullish trend structure, with Chainlink sitting above all its key moving averages. However, the RSI14 reading is at 75.83, deep in overbought territory, and price is trading above the upper Bollinger Band at $12.96. This suggests that the move may be extended relative to recent volatility.

Looking at shorter timeframes, the 1-hour chart shows momentum cooling, but not breaking down. The 15-minute view is more bearish, with momentum stalling and a neutral regime. However, this does not necessarily mean a reversal is imminent, but rather that the market is pausing to digest recent gains.