LINK Rebounds 3.59% to $12.55 Below Five Moving Averages

Chainlink’s LINK token rose 3.59% to $12.55 in Binance spot trading at 4:25 a.m. ET (8:25 UTC) Oct. 16, while five tracked moving averages remained above the price.

A later Binance snapshot at 7:37 a.m. ET (11:37 UTC) showed LINK at $12.72, up 5.35% over 24 hours, with a rolling range of $11.86 to $12.73. The earlier snapshot listed a session low of $11.82 and a high of $12.61; the readings cover different times and ranges.

At $12.55, the 50-day simple moving average (SMA) was $12.64, and the seven-day SMA was $12.76. The 12-period exponential moving average (EMA) stood at $12.95, the 26-period EMA at $13.01 and the 20-day SMA at $13.55. Those levels were 9 cents, 21 cents, 40 cents, 46 cents and $1 above the snapshot price, respectively. The 200-day SMA was $9.81.

Momentum readings included a daily relative strength index (RSI) of 45.22. The moving average convergence-divergence (MACD) line and its signal line were both -0.0645, leaving the histogram at zero.

Binance Futures readings at 3 a.m. ET (7 a.m. UTC) put open interest near $103.8 million, down 0.06% over 24 hours, and the eight-hour funding rate at 0.0100%. In the cited hourly window, taker sell volume was 105,014 contracts, compared with 94,279 contracts of taker buying; the buy-sell ratio was 0.8978.

The near-term map placed immediate resistance at $12.83 and stronger resistance at $13.11. It listed immediate support at $12.05 and stronger support at $11.54. An earlier LINK market setup also paired trading below short-term averages with more taker selling than buying.