LINK/USDT (Chainlink) is displaying strong short-term bullish momentum! After holding firm near its local bottom around $8.303, LINK has rallied to hit a 24-hour high of $8.760, currently trading near $8.738 (+4.60% daily gain).
Here is a quick look at the technical setup on the 15-minute timeframe:
Bullish Moving Average Stack: The price is trading well above all three key moving averages—MA(7) ($8.713), MA(25) ($8.665), and MA(99) ($8.536)—confirming an intact short-term uptrend.
On-Chain & Volume Activity: Supported by heavy whale activity and ongoing ecosystem adoption, buying volume spiked noticeably during the breakout toward $8.760.
MACD Consolidation: The MACD lines (DIF 0.031 / DEA 0.032) are flattening near the zero mark following the recent rally, signaling a short pause as buyers consolidate before the next potential push.
Key Technical Levels:
Immediate Resistance: The local peak at $8.760. A clean breakout above this level could clear the path toward the $8.90 - $9.00 zone.
Key Support Zone: The $8.70 - $8.66 area (confluence of MA7 & MA25) serves as dynamic support on minor pullbacks, with stronger structural support at $8.53 (MA99).
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