LINK Price May Dip Before Reaching New Heights of $13
LINK is trading at $11.51, 30% above its 200-day SMA and clearing every major moving average on the chart.
The technical setup is overbought, with RSI deep in the upper band's gravity well and price trading at an 0.88 Bollinger %B reading.
Smart money is holding long, but a shallow dip first seems necessary before LINK continues higher.
LINK consolidated and dipped to $11.73 intraday, backing off from the strong resistance cluster of $11.75-$11.98.