Chainlink (LINK) is showing signs of breaking out of the long-term consolidation range between $5.5 and $9.5, currently trading near the $9 resistance level. The weekly RSI bullish divergence indicates weakening selling pressure, but the Chaikin Money Flow indicator shows decreasing inflows. If it successfully breaks above $9.5, target prices could reach $12 and $15-16; however, if it breaks below $8, it may test the $6.5 support level.
Chainlink (LINK) is showing signs of breaking out of the long-term consolidation range between $5.5 and $9.5, currently trading near the $9 resistance level. The weekly RSI bullish divergence indicates weakening selling pressure, but the Chaikin Money Flow indicator shows decreasing inflows. If it successfully breaks above $9.5, target prices could reach $12 and $15-16; however, if it breaks below $8, it may test the $6.5 support level.