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Crypto

Chainlink's Daily Uptrend Holds Despite Crypto Market Cap Drop

Guavy AI Editorial Team
Instruments
BTC LINK
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The total crypto market cap fell 3.47% in the last 24 hours following a Bitcoin-related security incident, but Chainlink's daily uptrend remains intact at $12.67.

On a daily chart, LINK trades above its EMA20 at $11.53, EMA50 at $10.35, and EMA200 at $9.75, forming a bullish stack.

The daily RSI14 is at 66.9, and the MACD histogram is thinning, indicating upward acceleration has slowed down.

However, on the hourly chart, LINK's regime flips to neutral with price near the lower half of the Bollinger Bands range, suggesting buyers have stepped back for now.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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