Crypto · Neuralis Cap article

LINK Breaks 12.62 Resistance and Moves Within Bullish Range

Chainlink broke the 12.62 USDT resistance, trading at 12.734 with a 4 % 24‑hour move in a bullish regime and a crypto market marked by Greed.

LINK/USDT closed at 12.734, surpassing the prior resistance level of 12.62. The asset posted a 4 % gain over the last 24 hours, moving 0.7 times its 14‑day average true range of 5.77 %. This rise occurred above the previous daily close of 12.332 and stayed within the typical daily volatility band.

Technically, the 14‑period RSI sits at 44.7, reflecting a neutral stance. The 14‑period ADX reads 25.9, indicating a moderate trend strength. The exponential moving averages place the 50‑day EMA at 12.42 above the 200‑day EMA at 10.498, confirming a BULL regime.

Market context shows a fear‑greed index of 63, labeled Greed, while Bitcoin dominance remains at 59.6 %. The 24‑hour quoted volume reached 19.3 million USD, suggesting moderate activity in the crypto sector.

Neuralis Cap article

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

Market impact

If the Greed sentiment endures and the BULL regime stays intact, LINK may continue testing levels above the broken resistance, provided the ADX momentum remains supportive. Should the RSI move toward extreme values or the ADX weaken, buying pressure could fade, potentially capping the rally and leading to consolidation around the 50‑day EMA.

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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