Overview
- LINK climbed above a tightly packed band of the 20, 50, 100 and 200 simple moving averages on the 4‑hour chart, a setup traders view as the start of a breakout.
- The MACD momentum gauge turned positive on the 4‑hour view, signaling buyers gaining strength.
- Traders cite $9.99 as the line to clear for confirmation, with failure signaled by a 4‑hour close back under the moving‑average band.
- Futures data show open interest roughly matched daily volume and liquidations stayed small, which points to organic buying rather than a short squeeze.
- SIX Group began sending real‑time blue‑chip equity prices to smart contracts through Chainlink, expanding institutional data use that could support token demand.