Link Price Set to Unleash 20-45% Rally as Coiling Continues
Chainlink (LINK) has been coiling around $8.26, exhibiting dead-stop compression with a flatlined MACD and zero net momentum.
Despite this stagnant state, smart money is positioned heavily long at 66% while taker buying pressure is strong, indicating that buyers are accumulating ahead of a potential move.
The market is in price-discovery pause mode, and whatever catalyst arrives next will be amplified through this coil. The technical picture shows LINK holding above its 50-day average but struggling to reclaim the 20-day at $8.36 or the 200-day at $8.91.