Chainlink (LINK) Bulls in Action: After a 9% Jump, Can It Push Past $10 Soon?

TheNewsCryptoPubblicato 2026-02-25Pubblicato ultima volta 2026-02-25

Introduzione

Chainlink (LINK) has surged over 9% in the past 24 hours, climbing from around $8.08 to a high of $8.91, amid a broader positive trend in the crypto market. Despite a 40% drop in daily volume, technical indicators suggest mixed signals. The MACD shows building bullish momentum within an overall bearish trend, while the CMF indicates moderate selling pressure. However, the RSI at 60.50 reflects moderate to strong bullish control, and the Bull Bear Power suggests mild bullish dominance. If bullish pressure continues, LINK could test resistance at $9.08 and potentially push toward $9.29. Conversely, a reversal may see it find support at $8.66 or drop below $8.45.

4.54% gain has settled the market cap at $2.28 trillion. Hence, all major crypto assets exhibit positive momentum, seeking to reclaim their recent highs. The brief green wave has hit the market, led by the largest assets: Bitcoin (BTC) and Ethereum (ETH). Meanwhile, Chainlink (LINK) has recorded a steady 9.07% jump over the last 24 hours.

LINK was trading on the downside, at around $8.08 in the morning hours. After the bullish pressure gained traction, the price climbed to a high of $8.91. At the time of writing, Chainlink traded at $8.87, with its daily trading volume dropping by 40.77%, reaching $379.12 million. The market has observed a liquidation of $1.11 million worth of LINK.

The price analysis of Chainlink reveals that if the bulls are ready to take up the market, the price could move higher to the $9.08 resistance. If it holds this range stable, it might climb toward $9.29 or higher. Upon the LINK’s momentum reversing, the price could drop and find support at the $8.66 level. Assuming the bears are powerful, they might push the price down, and it likely retraces below the $8.45 zone.

Chainlink Momentum Alert: Heading Down or Up?

The 4-hour technical analysis shows that the Moving Average Convergence Divergence (MACD) line is above the signal line, and they have crossed below the zero line. This LINK crossover shows that the bullish momentum is building, with the overall bearish trend.

Besides, the Chaikin Money Flow (CMF) indicator, which is resting at -0.11, displays moderate selling pressure. With the negative value, the capital outflow outweighs the inflow. As the selling pressure is not extreme, some balance still exists in the Chainlink market.

LINK’s daily Relative Strength Index (RSI) at 60.50 indicates moderate to strong bullish momentum. As it is above the neutral level, the buyers are in control, leaving enough room for further upside. Moreover, the Bull Bear Power (BBP) reading of 0.51 suggests a mild bullish dominance. Notably, the upward momentum may build further, and the market is showing healthy buying strength.

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Domande pertinenti

QWhat was the percentage gain in Chainlink's (LINK) price over the last 24 hours mentioned in the article?

AChainlink recorded a steady 9.07% jump over the last 24 hours.

QWhat is the key resistance level that Chainlink's price could move towards if the bulls take control of the market?

AThe price could move higher to the $9.08 resistance level, and if it holds, it might climb toward $9.29 or higher.

QWhat does the daily Relative Strength Index (RSI) value of 60.50 indicate for Chainlink's market?

AAn RSI of 60.50 indicates moderate to strong bullish momentum, showing that buyers are in control and there is room for further upside.

QWhat does the negative value of the Chaikin Money Flow (CMF) indicator suggest about the Chainlink market?

AA negative CMF value of -0.11 indicates that capital outflow outweighs inflow, displaying moderate selling pressure.

QAccording to the 4-hour technical analysis, what does the MACD line's position relative to the signal and zero lines suggest?

AThe MACD line is above the signal line but they have crossed below the zero line, which shows that a bullish momentum is building within an overall bearish trend.

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901 Totale visualizzazioniPubblicato il 2024.12.13Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di LINK LINK sono presentate come di seguito.