Chainlink Price Analysis: LINK Price Escaped 20-EMA Overnight, Can we Buy?

• Chainlink token (LINK) looks bullish under the narrow range of the triangle.
• LINK price is moving towards the 100-day exponential moving average on the daily price scale.
• The LINK token belonging to the bitcoin pair is up 7.5% on 0.0003985 satoshis.

Buyers have seized the Chainlink cryptocurrency (LINK) in a critical hedge zone. LINK value has been aggressively following the high-low structure for several days, which is a definite indicator of an advance. LINK Crypto has regained roughly 16% in the last three days as a result of the previous week.

The price movement displays high-low and low-high patterns; in reality, the price remains inside the triangle pattern’s restricted range. Meanwhile, at of press time, the LINK token for the USDT pair is trading at $7.6. Likewise, the bitcoin pair’s LINK token is up 7.5% at 0.0003985 satoshis.

On the daily price chart, the Stoch RSI has started moving higher after diving into the oversold area and showing a bullish trend. Moreover, the MACD is still moving towards the positive zone for the past several days.

Conclusion

The Chainlink Token (LINK) token has managed to hold above the 20-day exponential moving average on the daily price scale. Recently, the Stoch RSI started moving higher from the lower levels and favored the dominance of the buyers.

support level – $6.0 and $5.5

Resistance level – $8.0 and $10

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