Crypto
LINK Price at Risk of Correction as Momentum Falters
The price of LINK is currently at $11.73, but it's showing signs of being overbought, according to financial analyst Zach Anderson.
The Relative Strength Index (RSI) is at 79, which is a textbook indicator of an overbought condition.
Taker sell flow is dominating, with a ratio of 3:2 against buyers, and the MACD histogram has printed exactly zero, indicating that momentum has flatlined.
The immediate resistance level at $12.01, combined with the upper Bollinger Band at $12.39 and strong resistance cluster at $12.29, forms a tight zone of supply that LINK needs to break through in order to continue its rally.