Crypto · Neuralis Cap article

Chainlink breaks resistance and climbs 1.73% on LINK/USDT

LINK/USDT rises to 13.356, surpassing the 13.152 resistance level, with a neutral RSI and bullish regime amid a market greed index of 61.

The LINK/USDT pair is trading at 13.356, reflecting a 1.73% rise from the prior close of 13.012. The price has broken the previous resistance at 13.152 and represents roughly 0.3 times its average true range (ATR14 of 5.78%).

Technically, the 14‑period RSI sits at 48.5, indicating a neutral stance. The 14‑period ADX reads 29.0, suggesting moderate trend strength. The price remains above the 50‑period EMA (12.422) and the 200‑period EMA (10.389), confirming the BULL regime identified for the asset.

Market context shows a fear‑and‑greed index at 61, labeled Greed, and Bitcoin dominance at 59.5%. These conditions point to a risk‑on environment that supports upward moves in crypto assets such as Chainlink.

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 13.152, the bullish regime and moderate ADX could underpin further upside. However, the move is still below the 2.0‑ATR multiple threshold, leaving room for a potential pullback, especially if market sentiment shifts away from Greed toward a more cautious stance.

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.

Unlock the Full Algorithmic Terminal

News and market reads are 100% free. To access live analyses, exact Entry/SL/TP levels and instant Telegram alerts, log in or sign up for free.

← Back to news