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Chainlink (LINK) Exhibits Mixed Technical Signals as Traders Eye Key Resistance
Chainlink (LINK) Exhibits Mixed Technical Signals as Traders Eye Key Resistance
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Chainlink LINK News -
Chainlink's LINK token gained 2.85% to $16.63 over the past 24 hours, countering bearish momentum indicated by its MACD. The neutral RSI at 48.98 reflects balanced market pressure, with traders closely monitoring the $20.28 resistance level.
Technical factors currently drive price action in the absence of fundamental catalysts this week. With no project-specific developments, attention remains on chart patterns—LINK's ability to challenge resistance will test bullish momentum.
The market shows division: while the price increase demonstrates short-term demand, the MACD divergence signals potential reversal risk. This creates a critical technical juncture for the oracle network's native token.
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