Chainlink: Higher Timeframe Bull Market Starts

Chainlink continues its strength as Michaël van de Poppe notes the higher timeframes have begun the bull market phase.

Price sits at $9.76 inside a bullish trend with EMA50 at $9.19 and EMA200 at $8.59 acting as concrete support layers. MACD registers a golden cross at 0.14 while RSI holds at 69.37. With price testing the upper Bollinger resistance at $9.72, a healthy retracement toward the 50-EMA support at $9.19 appears probable before continuation. Traders watch for a sweep to $10.03 followed by a long entry beneath $9.20 on lower timeframes. Chainlink price analysis and LINK technical analysis both point to sustained momentum over the past six months.