Crypto · Neuralis Cap article

CHAINLINK breaks 12.62 USDT resistance, up 5.38% in 24h

LINK rises to 12.704 USDT, surpassing prior resistance and posting a 5.38% gain in 24 hours amid a volatile backdrop.

LINK/USDT is trading at 12.704 USDT, breaking the previous resistance level of 12.62 USDT. Over the past 24 hours the token has risen 5.38%, reaching a high of 12.745 and a low of 11.82. The price move equals 0.9 times the 14‑day average true range (ATR14) of 6.2%, staying below the defined thresholds of 2.0 ATR multiples and a 12.4% price change.

The 14‑period RSI sits at 44.2, indicating neutral momentum. The 14‑period ADX reads 25.6, pointing to a moderate trend strength. The 50‑day and 200‑day EMAs are at 12.479 and 10.459 respectively, keeping LINK above its EMA200 and just above its EMA50. The market regime is classified as VOLATILE.

Market context shows a Fear & Greed Index of 63 (labelled Greed) and Bitcoin dominance at 59.2%, suggesting appetite for alternative crypto assets in a moderately risky environment.

Neuralis Cap article

Data: Neuralis Cap (Binance daily candles, Alternative.me Fear & Greed, CoinGecko BTC dominance)

Market impact

Should the upward momentum continue, LINK may test resistance levels above 12.70 USDT, whereas a pullback could bring it back toward the support zone around 12.075 USDT. With a Greed sentiment and stable Bitcoin dominance, inflows into utility tokens like LINK could increase, but the volatile regime warrants caution against potential reversals.

Neuralis Cap analysis for informational purposes only. It does not constitute investment advice.

Article written by Neuralis Cap with AI assistance solely from the data and primary sources listed. It does not constitute investment advice.

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