Crypto · Neuralis Cap article

LINK breaks above 11.531 USDT resistance

LINK/USDT breaches the 11.531 USDT resistance, moving 1.3 ATR with RSI at 45, in a volatile regime and a neutral market backdrop.

The LINK/USDT pair is trading at 11.622 USDT, surpassing the prior resistance level of 11.531 USDT. Over the past 24 hours the asset posted an 8.27 % gain and reached a high of 11.796 USDT, while the low was 10.714 USDT. The previous daily close was 11.448 USDT, so the current price also stays above that reference.

The move equals 1.3 times the 14‑day average true range (ATR 14 = 6.16 %). The breakout occurred above the previous resistance but remains below the defined 2.0 ATR threshold (threshold_atr_multiple = 2.0). The 14‑day RSI sits at 45.0 and the ADX at 26.6, suggesting a moderate trend. The exponential moving averages place the price below the EMA 50 of 11.998 and above the EMA 200 of 10.541, within a regime labeled VOLATILE.

Market context shows a neutral fear‑greed index (50) and Bitcoin dominance at 59.5 %. The 24‑hour quoted volume totals 29.8 million dollars.

Neuralis Cap article

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

Market impact

If the price holds above the broken resistance of 11.531 USDT, the next technical target would be the EMA 50 around 11.998 USDT, with a chance to test levels near the 24‑hour high. Should momentum fade, a pullback toward the EMA 200 at 10.541 USDT or the prior support of 11.2 USDT could cap downside, keeping the asset within the VOLATILE regime.

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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