$LINK LINK/USDT Analysis
🔹 Current Price: $19.74 (-3.89%)
🔹 24H High/Low: $20.73 / $19.31
🔹 24H Volume: 5.65M LINK
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Technical Overview
EMA(7): $19.85
EMA(25): $20.15
EMA(99): $21.44
LINK is currently trading below its EMA(25) and EMA(99), signaling a bearish trend. The price rebounded from the $19.31 support level, but rejection at the EMA(7) indicates limited upward momentum.
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Trading Strategy
Bullish Case
Entry: Above $20.20
Targets:
Target 1: $20.50
Target 2: $21.00
Stop Loss: $19.70
Bearish Case
Entry: Below $19.30
Targets:
Target 1: $19.00
Target 2: $18.50
Stop Loss: $19.75
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Market Insights
LINK's movement within a declining channel suggests continued pressure from sellers. Watch for a breakout above the EMA(25) to confirm bullish strength or further declines below $19.30 for a continuation of the bearish trend.
📊 Monitor volume for confirmation of breakout or breakdown!
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