Chainlink (LINK) has gained impressive momentum, rising nearly 39% over the past week. This strong price action reflects renewed investor interest and bullish sentiment around the altcoin. However, technical indicators suggest caution may be warranted in the short term.
The Relative Strength Index (RSI), a popular momentum oscillator used to measure overbought or oversold conditions, currently indicates that LINK is overbought. RSI values above 70 typically signal that an asset might be overextended, making a pullback or consolidation likely before further upward moves.
For LINK, this means that despite the recent rally, traders should be prepared for a possible correction or sideways price action as the market digests gains.
The Relative Strength Index (RSI), a popular momentum oscillator used to measure overbought or oversold conditions, currently indicates that LINK is overbought. RSI values above 70 typically signal that an asset might be overextended, making a pullback or consolidation likely before further upward moves.
For LINK, this means that despite the recent rally, traders should be prepared for a possible correction or sideways price action as the market digests gains.
Truly Unbiased Cryptocurrency News beincrypto.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Truly Unbiased Cryptocurrency News beincrypto.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.