Chainlink LINK technical analysis

LINK trades at $11.86 with a 24h gain of +2.22%, and momentum is strong on the 4h timeframe where RSI14 sits at 70, while the daily RSI is a moderate 53. The daily SMA20 at 11.2508 continues to support the broader uptrend.

Price is battling directly within the 4h support zone of 11.734-11.889, which has seen 5 touches, against the first 4h resistance at 11.9462-11.9818, touched only once. Above that, resistance layers at 12.0412-12.0768 and 12.1462-12.1818 each hold a single touch, while the nearest daily resistance also sits at 12.0412-12.0768.

For bulls to extend gains, LINK must hold above 11.734 and close past 11.9818, targeting 12.0412 and then 12.1462. Bears need a break below 11.464-11.524, with the rising daily trendline near 11.2658 as the next key support.