Chainlink (LINK) BOS for $9.23, risk wey BTC dey drive
Chainlink (LINK) still dey hold a bullish HH/HL structure. Price dey trade above EMA20 near $9.25, and MACD histogram still positive, wey dey support upside momentum.
For bullish continuation, LINK need daily close above BOS trigger around $9.82. If that level break, traders fit target resistance zones around $9.53 then head toward $11.31 (long-term continuation focus near $11.3091).
The key invalidation na a daily close below $9.2304. That one go break the uptrend base (CHoCH) and shift risk lower toward $8.5902, with deeper downside path mentioned toward $7.15.
Momentum mixed-to-supportive: RSI dey low-to-mid 50s (near neutral), while Supertrend dey show bearish pressure near higher resistance around $10.55.
The article still stress LINK sensitivity to Bitcoin (BTC). A BTC move wey break/hold key levels near $77.6k fit determine if LINK fit sustain above $9.23 support or lose am and trigger the CHoCH shift.
Wetin to watch: daily closes around $9.82 (bullish confirmation) and $9.2304 (trend invalidation).
Neutral
Di news dey constructive for LINK for short term because the HH/HL structure, price dey above EMA20, and positive MACD histogram dey support bullish continuation. But the setup conditional: LINK need daily close above ~$9.82 to confirm the BOS. At the same time, daily close below ~$9.2304 go invalidate the uptrend and shift momentum into a bearish CHoCH pathway. The presence of Supertrend bearishness near higher resistance (~$10.55) and the explicit BTC dependency (moves around ~$77.6k) increase the chances of consolidation or whipsaw. Overall, traders likely go see range-bound behavior until LINK confirm via the BOS trigger or lose $9.23.