LINK Price Trapped in Upper Band, Pullback to $9.18-$9.29 Looms
LINK is currently trading at $9.40, stuck in a textbook exhaustion zone after stair-stepping higher off a strong base.
The price has been above all major moving averages for some time now, but today's tape is flashing warning signs.
The daily range compression to just $0.26 on Binance spot volume of $13.9M indicates a lack of conviction buying.
Additionally, the Bollinger Band %B reading of 0.91 reveals that LINK is essentially kissing its upper band at $9.59, which also serves as immediate resistance.