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Can Chainlink (LINK) Smash Resistance and Ride the Momentum to $20?

  • Chainlink (LINK) is currently trading around $15 with a trading volume surge of over 34%.
  • Bitcoin (BTC) and Ethereum (ETH) are hovering around $109.6K and $2.8K respectively with a greedy market sentiment.
  • Chainlink has seen a spike of over 0.98% in the past 24 hours, reaching a high of $15.49.
  • The asset's market cap is at $10.12 billion and has gained over 9.39% in the last seven days.
  • The four-hour trading graph suggests a potential price correction towards the $15.40 range and a test of the $15.51 resistance zone.
  • A reversal could push the price down to immediate support at $15.29 or lower to $15.20.
  • Technical analysis shows a bullish signal with the MACD line crossing above the signal line.
  • The Chaikin Money Flow indicates positive money flow with moderate buying pressure.
  • The daily RSI at 69.61 suggests the asset is close to the overbought territory, signaling a possible reversal or consolidation.
  • Chainlink's Bull Bear Power value of 0.70 indicates bullish control over the asset.

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