The chart shows the LINK on a monthly timeframe. Here’s an analysis based on the visible indicators and trend:

Key Observations:
1. Price Movement:
• The current price is $24.10, with a significant rise of 15.98%.
• The 24-hour range is $20.02 - $24.94, indicating strong bullish momentum.
2. Exponential Moving Averages (EMAs):
• EMA(7): $16.80 (Yellow Line) and EMA(25): $13.82 (Pink Line).
• The price is far above both EMAs, signaling strong upward momentum.
3. Volume:
• The volume bars show a recent surge, confirming the bullish trend is supported by increased trading activity.
4. Relative Strength Index (RSI):
• RSI(6): 75.67, RSI(12): 66.50, RSI(24): 60.12.
• RSI values above 70 typically indicate an overbought condition, suggesting the price might face resistance or consolidation soon.

Trend Analysis:
• The chart depicts a bullish trend with strong upward momentum.
• The breakout above recent resistance levels is confirmed by increased volume and a rising RSI.
• The market is overbought (RSI > 70), so a pullback or consolidation near resistance ($24.94) is possible before further upward movement.

Outlook:
• Bullish Scenario: If the price breaks and sustains above $24.94, the next resistance is around $27.69 or higher.
• Bearish Scenario: A correction could bring the price closer to the EMA(7) near $16.80, acting as support.
#link #linkbull
$LINK