Chainlink: Bullish Divergence Persists on LINK
Chainlink LINK at $8.26 holds massive bullish divergence as MACD golden cross forms above EMA200 support at $8.19 with neutral RSI.
SourceAnalysis
Chainlink maintains its massive bullish divergence on LINK according to trader @CryptoMichNL, with the setup still active and poised to resolve higher.
At $8.26 the token trades inside Bollinger Bands between $7.96 support and $8.53 resistance while the EMA50 at $8.32 caps upside and the EMA200 at $8.19 provides underlying support; the MACD golden cross at -0.03 signals building momentum even as RSI sits neutral at 49.38, pointing to a likely test of upper-band resistance before any deeper pullback to the 200-EMA. Chainlink oracle network adoption continues to drive long-term LINK price prediction models and bullish divergence patterns remain the dominant technical feature over the past year.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast