CandleFocus Chainlink (LINK) Price Surges, Eyeing a Break Through $13 Resistance
2024-10-22
Author: Content Editor
Chainlink (LINK) has seen a 4.5% increase in price in the last 24 hours and an 8.2% increase over the past week, indicating renewed momentum. This growth has been supported by whale accumulation and a rising RSI, suggesting positive sentiment. The number of addresses holding LINK between 100,000 and 1,000,000 has been steadily increasing. However, there has been a pause in whale accumulation recently. The RSI is approaching an overbought state but hasn't reached that level yet, indicating potential for further growth before a correction. The EMA lines show a bullish setup, favoring the bullish momentum. Key support is at $10.86, with resistance at $12.97. Breaking through the resistance could result in a potential 14% growth.
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