Chainlink Price Soars as Bullish Momentum Accelerates
Chainlink (LINK) price continues to climb higher after breaking above its structural support and daily trendline. The token is trading at $14.83 on the daily timeframe, firmly positioned above all major moving averages and within the upper half of the Bollinger Bands.
The weight of evidence across 10 indicators leans heavily bullish, with a cumulative score of 7.3 out of 10. Moving averages are stacked in perfect bullish alignment, the MACD histogram is positive and widening, and On-Balance Volume is rising in confirmation of the price move.
The Relative Strength Index (RSI) is reading 67.2, which is elevated but not yet in overbought territory above 70. This places momentum firmly on the bull side of the meter, indicating that buyers outnumber sellers and the impulse higher still has room to breathe.