Market Overview for Chainlink/Tether (LINKUSDT)

Summary
• Price tested 13.15–13.21 range, with a bullish breakout above 13.24 confirmed by volume.
• RSI hit 68 late, suggesting moderate overbought conditions.
• Volume surged 6x at 13.45–13.55, confirming recent upward momentum.
• Bollinger Bands widened after consolidation, signaling rising volatility.
• Fibonacci 61.8% level at 13.43 appeared to act as dynamic support during pullbacks.

Market Overview

Chainlink/Tether (LINKUSDT) opened at 13.16 on 2026-01-03 12:00 ET, reached a high of 13.57, a low of 13.11, and closed at 13.5 at 2026-01-04 12:00 ET. Total volume was 751,076.32, and notional turnover was $10.18 million over 24 hours.

Structure & Moving Averages

The 5-minute chart showed a key consolidation range between 13.15 and 13.21 before a breakout above 13.24 on rising volume. The 20-period moving average crossed above the 50-period line during this move, suggesting short-term bullish momentum. On the daily chart, the 50-period MA is currently below the 200-period MA, indicating a bearish trend, though the recent 5-minute action could challenge that.

Momentum and Volatility

MACD turned positive in the late morning and remained above the signal line, reinforcing the bullish bias. RSI peaked at 68, signaling moderate overbought territory. Bollinger Bands expanded significantly from 01:00 to 04:00 and remained wide, pointing to increased volatility. Price traded above the upper band at key moments, suggesting aggressive buying.

Volume and Turnover

Volume spiked sharply during the breakout phase, particularly between 04:00 and 06:00 and again in the late afternoon and early evening, with the largest 5-minute candle at 13:00 showing 34,326.53 in volume. Turnover moved in line with price, confirming participation. No major divergences were observed between volume and price, supporting the strength of the rally.

Pattern and Fibonacci Analysis

A bullish engulfing pattern formed at 13.24–13.25 early in the morning, followed by a strong continuation. A doji at 13.36–13.37 provided a minor bearish pause but failed to reverse the trend. Fibonacci levels showed 13.43 acting as support and 13.55 as resistance during the final leg up. The 61.8% retracement level of the prior decline appeared to offer key psychological support.

Price appears to have momentum to test the 13.57–13.60 level, with a potential pullback likely near 13.43–13.45. Investors should monitor volume on any retracement and the behavior of the RSI as a caution on overbought conditions. Risks include a sharp reversal if volume cools and resistance fails to hold.