Crypto · Neuralis Cap article

CHAINLINK Breaks Resistance and Gains 1.5%

LINK rises to 11.579 USDT, surpassing the 11.531 resistance and recording a move of 0.2 times its 5.98% ATR.

LINK/USDT is trading at 11.579, a 1.49% increase over the past 24 hours. The price broke the prior resistance level of 11.531, representing a move of 0.2 ATR14 multiples, with the ATR14 indicating a typical range of 5.98%.

Technically, the 14‑period RSI stands at 36.5, placing the asset in a pressured zone. The 14‑period ADX reads 25.6, suggesting moderate trend strength. The price sits below the 50‑day EMA of 12.318 and above the 200‑day EMA of 10.528, consistent with the identified BULL regime.

Market context shows a Fear‑Greed Index at 50, labeled neutral, and Bitcoin dominance at 59.4%. These figures indicate that LINK’s move occurs in a market without a strong risk bias, while the leading cryptocurrency retains its dominant share.

Neuralis Cap article

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

Market impact

Should LINK hold above the 11.531 level, the broken resistance may become a new support, reinforcing the BULL regime. In a neutral market environment and with Bitcoin dominance stable, the continuation of the price action will hinge on how the asset interacts with the technical indicators, without implying a definitive future direction.

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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