There is a bearish trend between the price and OBV. The price peaked higher, while the OBV made a lower peak to indicate increased sales volume.
This dispute could herald a withdrawal for LINK. However, the $ 16 level is an important level. It was released to the controlling months in early September and the bulls have not been able to push the price above $ 15.9 since then.
Therefore, if the bulls of the market can defend the $ 16 level in the next few days, it will give more confidence to the uptrend LINK has been continuing since its fall in December.
Even a drop to $ 14.55 won’t be enough to reverse the trend of the last few weeks, but according to the evidence at hand, such a drop is unlikely.
Dash price analysis
Dash climbed above the $ 93 support level. The RSI rose above the neutral at 50 to highlight the bullish momentum behind the DASH and targeted the psychological level at $ 100 and another resistance level at $ 104 just above it.
In the short term, a retest of $ 94 followed by a transition to $ 100 seems like a possible scenario. In fact, if the bulls in the market take control and push the price higher in the next few hours, a $ 94 retest may not occur.
Either way, move to $ 104 can be expected later.
DASH has been trading in the $ 85 – 115 range since late November. The midpoint of this range is $ 100, and this reinforces the importance of the psychological level. Therefore, a rejection or rally above $ 100 will likely determine the next move for DASH.