Technical analysis from the weekly time shows that the $LINK$ price has been falling below the descending resistance line since May 2021. The drop led to a low of $4.75 in June 2023. This appears to have ended. caused a breakdown from the $6 horizontal zone, which has held steady since May 2022.

However, the price regained this zone afterwards and confirmed it as support. This causes the previous incident to be treated as an offset （green circle）. Such deviations are often followed by a sharp movement in the other direction, as has been the case with LINK so far.

Currently, LINK price is making its fourth attempt （red $icon$ ） to break above the resistance line that has existed for 790 days. A breakout and close from it would suggest that the correction is complete and a new $rally$ in the other direction has begun.
The weekly RSI supports the uptrend but fails to confirm a breakout. When assessing market conditions, traders use the RSI as a momentum indicator to determine if the market is overbought or oversold in order to decide whether to accumulate or sell an asset.
te is true. While the indicator is rising and staying above the 50 level, a close above this line is needed to confirm a trend reversal to the upside.
If the RSI is above 50 and trending up, the bulls still have the advantage, but if the index is below 50, the opposi
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