Points of Focus

• LINK rallied 6.27% this week, reclaiming its short-term averages.
• 10 MAs now sit stacked between $8.87 and $14.57.
• Momentum and MACD both turn positive for the first time in weeks.

Chainlink (LINK) trades at $8.6897, up 0.29% on the day and roughly 6.27% for the week, per TradingView data at the time of writing.

The rally cleared the easy levels, not the hard ones

LINK now sits above its 10-day exponential moving average (EMA) at $8.4330, its 10-day and 20-day simple moving averages (SMAs) at $8.1698 and $8.6839, and the Hull moving average (MA) at $8.6175, all flipped to support for the first time since LINK’s late-July slide began.

Momentum (10) at 0.7736 and the moving average convergence/divergence (MACD) level, still negative at -0.8205 but climbing, both register upward signals, a genuine shift from the bearish oscillator readings that accompanied the drop.

Technical levels to watch

What the rally has not cleared is everything above it. 10 separate MAs now sit stacked between $8.87 and $14.57: the 20-day EMA at $8.8735, the 30-day SMA at $8.8215, the Ichimoku Base Line at $8.9321, the 30-day EMA at $9.6071, the 50-day EMA and SMA at $10.9726 and $11.9449, the 200-day SMA and EMA at $12.5598 and $12.6724, and finally the 100-day EMA and SMA at $12.5707 and $14.4126. The nearest of those, the 20-day EMA, is just $0.1838, or 2.1%, above the spot price.

The farthest, the 100-day SMA, sits 66% higher. That spread is the story: a tight first hurdle sitting in front of a resistance band so wide it would take a sustained multi-month move, not a single weekly rally, to clear in full.

The relative strength index (RSI) reads 45.2866, and the average directional index (ADX) sits at 29.0464, both neutral, meaning this week’s move has not pushed into overbought territory or confirmed a strong trend either way.

Stochastic RSI at 73.2759 is the one reading leaning hot, worth watching if the price stalls into the 20-day EMA rather than clearing it outright.

What comes next

A daily close above $8.8735 would be LINK’s first break of short-term resistance since July, opening room toward the next cluster near $9.61.

But with 10 levels stacked between here and $14.57, this week’s rally has reversed short-term momentum without yet laying a glove on the structure that built that ceiling. The 20-day EMA, not the wider band behind it, is the level that decides what happens next.