$LINK /BTC Analysis: Bulls Breaking Resistance?
The LINK/BTC pair is showing some serious life on the 15-minute chart. After a period of consolidation, Chainlink is attempting to outpace Bitcoin, hitting a local high of 0.0001279.
Key Takeaways from the Chart:
* Bullish Momentum: We’re seeing a strong "V-shaped" recovery from the 0.0001254 bottom.
* Moving Averages: The price has successfully climbed above the MA(7), MA(25), and MA(99), suggesting a shift in short-term trend from bearish to bullish.
* Volume Surge: Notice the green spikes at the bottom? Buying pressure is picking up, confirming the price move isn't just a "fake-out."
* Resistance Watch: It’s currently testing the 0.0001280 zone. If it holds above this, we could see a continuation toward previous daily highs.
The Bottom Line: LINK is showing relative strength today (+3.07%). While the long-term (180-day) trend is still down, the immediate price action looks promising for a scalp or short-term swing.
Would you like me to check the RSI or MACD indicators for this pair to see if it's getting overbought?
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