Chainlink: Does LINK’s overvaluation warrant investors’ concern? – BitRss

• Chainlink has regained its bullish structure on the daily chart.
• There was evidence for accumulation over the past month, but the weighted sentiment remained bearish.

Chainlink [LINK ($25.44)] has flipped its daily market structure bullishly after climbing past the $23.83 level on the 17th of January. The bullish structure was accompanied by rising demand and a shift in momentum.

The 61.8% Fibonacci level was retested and the psychological …