Crypto
Chainlink Price Holds Steady as Top Traders Eye Breakout Above $8.55
Chainlink (LINK) is trading at $8.41, with top traders sitting 69.6% net long.
The MACD histogram has flatlined, and the SMA200 looms overhead at $9.17, which could be a ceiling for LINK's price in the short term.
Price is currently holding above both the SMA20 ($8.36) and SMA50 ($8.00), indicating that the medium-term structure remains intact.
The derivatives positioning on Binance shows that institutional accounts and whale-class players are leaning heavily towards a breakout, with 69.6% of positions pointing up.