LINK Trapped at Pivot Point as Bulls Eye $15.70

LINK is currently trading at $14.03, almost exactly on top of its daily pivot at $14.02. The market is coiling, not drifting, and the question is which side will get squeezed first.

The broader structural backdrop is bullish, with LINK having more than tripled off its $9.56 SMA-200 base over the trailing cycle. All major moving averages below price are stacked bullishly and sloping upward.

However, the near-term momentum engine is running on fumes, and the market has stalled out just below a wall of resistance at $14.46. The MACD histogram has printed zero, indicating a temporary equilibrium between buyers and sellers.

The Bollinger Band setup shows LINK running in the upper half of the channel with the upper band at $15.70 acting as the natural magnet if bulls get control. A clean daily close above $14.46 would change the calculus entirely.