LINK Holds a Bullish Structure
Chainlink continues to show a bullish medium-term structure, although short-term momentum is starting to weaken. According to CryptoNomist, LINKUSDT was trading around $11.83 on September 18. The price remained above the 20-day EMA at $11.45, the 50-day EMA at $10.70 and the 200-day EMA at $9.81, keeping the broader trend structure positive. At the same time, the daily MACD histogram turned negative, while the hourly RSI reached 77.1, signaling overbought conditions on the shorter timeframe. Key resistance is located near $12.01, while important support levels are around $11.68 and $11.49. The article describes a market where the trend remains intact but needs renewed momentum to extend higher. For exchange users, this combination means LINK may remain volatile around the key technical levels. Check the latest Chainlink rate and exchange conditions on xbit.money.