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Most people are looking at the wrong coins right now.
$LINK is quietly putting in some work on the daily chart. We’ve been stuck in this range between $8.20 and $10 for what feels like forever, but the higher lows are starting to stack up.
Right now we’re sitting at $9.50 and it feels like it’s testing the sellers' patience. There’s a clear wall at $9.75 that we need to clear to get any real momentum toward double digits.
Volume is a bit thin today so I wouldn’t chase it here, but if we get a solid daily close above this level, the structure looks ready for a breakout.
I’m watching the $9.35 area to hold as support on any small dips. If that goes, we probably just stay in the boring zone for another week.
What’s your move on this one?
#CryptoMarketSeesVolatility