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Crypto

Chainlink Price Holds Firm Amid Crypto Market Decline

Guavy AI Editorial Team
Instruments
LINK
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Chainlink's price holds steady at $12.67, still above its daily moving averages, but momentum is slowing down.

The daily chart shows a bullish structure, with LINK trading above its EMA20, EMA50, and EMA200. However, the RSI14 is at 66.9, which is elevated but not in overbought territory, and the MACD histogram is thinning, indicating deceleration.

On the hourly chart, LINK's regime flips to neutral, with price sitting just below its EMA20 and EMA50. The RSI14 has dropped to 43.72, confirming short-term momentum has rolled over.

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