Summary
• Price surged to $13.92 before consolidating near $13.90 amid high volume.
• Momentum suggests bullish bias with RSI hovering near 60 and MACD above zero.
• Volatility expanded following a breakout above key resistance near $13.85.
• Volume spiked 6x in the last 4.5 hours, confirming upward price action.
• Bollinger Bands show moderate expansion, with price near the upper band.
Chainlink/Tether (LINKUSDT) opened at $13.58 on 2025-12-05 12:00 ET and reached a high of $14.00, closing at $13.90 as of 2025-12-06 12:00 ET, with a 24-hour volume of 1,163,600.83 and a turnover of $15,933,955.88. The pair showed strong bullish momentum, driven by increasing volume and a breakout above key resistance.
Structure & Formations
Price formed a bullish engulfing pattern above $13.85 and later a continuation pattern near $13.90. A key support level appears to be forming near $13.80, where several consolidation candles emerged.
Moving Averages
On the 5-minute chart, the 20-period MA crossed above the 50-period MA, reinforcing the bullish trend. On the daily chart, the price remains above the 50-period MA, suggesting continued support from long-term buyers.
Momentum Indicators
RSI climbed to 58–60 during the rally, indicating moderate momentum without reaching overbought territory. The MACD remained positive throughout the session, confirming the upward bias and showing strength in the rally.
Bollinger Bands
Volatility increased following the breakout, pushing price near the upper Bollinger Band at $14.00. This suggests a potential continuation or pullback toward the mid-band for consolidation.
Volume & Turnover
Volume surged sharply in the 4.5 hours leading up to 17:00 ET, with the largest 5-minute volume spike reaching 180,515.2 units. Notional turnover also rose, aligning with the price rally and confirming accumulation.
Fibonacci Retracements
The most recent 5-minute swing saw price testing the 61.8% retracement level at $13.89 before extending to $14.00, indicating strong follow-through in the upward move.
Looking ahead, the market appears to be consolidating after the breakout, and a test of the upper Bollinger Band could trigger a pullback or renewed strength. Investors should remain cautious of potential short-term corrections near $13.80.
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