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Crypto

Chainlink Price Stalls Near $12 as Momentum Cools

Guavy AI Editorial Team
Instruments
LINK
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The Chainlink price today sits at $12, comfortably above all major daily moving averages. The regime is unambiguously bullish, but momentum indicators are beginning to flash caution.

On the daily timeframe, the RSI at 68.62 is deep into overbought territory, suggesting low-resistance gains have likely already occurred. However, the MACD bearish crossover forming on the daily chart hints at cooling momentum.

The bullish scenario for Chainlink hinges on holding above the EMA20 cluster near $11.00, while bearish risks center on the RSI/MACD divergence playing out through a pullback.

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