Crypto
LINK Price Flirts with Overbought Territory as Analysts Predict 40% Probability of Pullback
LINK's price has reached $11.71, but its RSI is deep in overbought territory at 71.76, and MACD momentum has completely exhausted itself.
The asset is trading just below $11.96 immediate resistance after a flat 24-hour session that saw a high of $12.06 before sellers pushed back.
The moving average stack is bullish, but momentum is not the same as velocity - LINK's price is straddling its daily pivot at $11.80, and the closing posture matters here.
With a 60% probability, analysts expect a pullback toward the $11.38-$11.55 support band before any further movement.