💲Chainlink ( LINK) Analysis💲

LINK/USD & LINK/BTC Weekly Charts

- Both pairs above major EMAs.

- LINK/USD soared 50x in the last bull market, faced resistance at $32, consolidated at $15, and now aiming for resistance at $18 and $21.

- LINK/BTC had a 6x growth, faced resistance at $0.00095, found support at $0.00022, and is eyeing resistance at $0.00050 and $0.00060.

🔄 Current Status:

- LINK/USD in a robust uptrend above major EMAs.

- LINK/BTC showing decline from 200-EMA but still above major EMAs.

Liquidation Trends:

- Long liquidations surged to $2.88M in the last 24 hours.

- Short liquidations were $164.75K, indicating a decrease.

- Increasing long liquidations suggest a bullish sentiment.

RSI Analysis:

- LINK/USD RSI at 67, LINK/BTC RSI at 63.

- Both indicate a strong uptrend with buyers in control.

Technical Levels:

Support Levels: $12 and $7

Resistance Levels: $18 and $21

Conclusion: Chainlink is on a bullish trajectory; potential for a rally and overcoming resistance levels. Stay informed, trade wisely #Chainlink #cryptocurrency #BTC🔥🔥 #LINKPrice #TradingSignal