LINK up +3.37% over 7 days while the rest of the market bleeds. Fear & Greed at 25, but Chainlink's RWA narrative keeps pulling smart money in. CCIP adoption growing, and the price action backs it up.
4h RSI at 57.5, MACD histogram positive at +0.0052 — gentle bullish momentum. Daily RSI at 58.2 with MACD at +0.11, both leaning bullish. Price holding above the 25-day SMA at $7.80. The $8.50 level is the key resistance — a clean break above opens the door to double digits.
Trade plan:
Entry: $7.80-$8.30 — buy near the 25-day SMA support
Stop: $7.20 — below support invalidates the setup
TP1: $9.00 — first target
TP2: $10.50 — psychological level
TP3: ~$9.27 — extended target
R:R: 1.1 — solid RWA narrative trade
Volume is declining though (0.74x average) — this needs confirmation. If volume picks up on a break above $8.50, the RWA narrative could drive this higher.
LINK's RWA play — undervalued or fully priced? 📡
#LINK #Chainlink #RWA #CryptoTrading
⚠️ Disclaimer: This is my personal analysis, not financial advice. Always do your own research and manage your risk.
4h RSI at 57.5, MACD histogram positive at +0.0052 — gentle bullish momentum. Daily RSI at 58.2 with MACD at +0.11, both leaning bullish. Price holding above the 25-day SMA at $7.80. The $8.50 level is the key resistance — a clean break above opens the door to double digits.
Trade plan:
Entry: $7.80-$8.30 — buy near the 25-day SMA support
Stop: $7.20 — below support invalidates the setup
TP1: $9.00 — first target
TP2: $10.50 — psychological level
TP3: ~$9.27 — extended target
R:R: 1.1 — solid RWA narrative trade
Volume is declining though (0.74x average) — this needs confirmation. If volume picks up on a break above $8.50, the RWA narrative could drive this higher.
LINK's RWA play — undervalued or fully priced? 📡
#LINK #Chainlink #RWA #CryptoTrading
⚠️ Disclaimer: This is my personal analysis, not financial advice. Always do your own research and manage your risk.