Can Chainlink price break $10 as it clears a compressed SMA ribbon on the 4H chart?
Can Chainlink price break $10 as it clears a compressed SMA ribbon on the 4H chart?
Chainlink price is at $9.32 on April 15, +1.64% on the 4H chart, after breaking above a compressed four-SMA ribbon where SMA 20 at $9.01, SMA 50 at $8.99, SMA 100 at $8.87, and SMA 200 at $8.98 all converged within a $0.14 range.The 4H MACD (12,26,9) has printed a bullish crossover with the histogram at +0.02, the MACD line at 0.07, and the signal at 0.05, with both lines above zero, confirming momentum acceleration rather than simple exhaustion reduction.A 4H close above the annotated $9.99 resistance confirms a breakout and opens the $10 to $11 zone; a return close below the SMA 20 at $9.01 signals the breakout has failed and extends the consolidation.