$LINK Technical Analysis & Price Target

Current Price: $23.97

Price Change: +25.17%

$LINK /USDT has shown significant growth over the past 24 hours, increasing by 25.17%. However, the price is currently experiencing a slight pullback, with a 4.96% decrease in the last 4 hours. This suggests a potential correction after a strong upward move.

Key Support Level: $18.57

Key Resistance Level: $26.00

Price Action: The 4-hour chart shows a pullback after reaching highs near $26.00. If the price continues to face resistance at $26.00, it could experience further consolidation or retracement. Support at $18.57 is critical to maintaining the bullish trend. A dip towards this level might present a buying opportunity if the price shows signs of recovery.

Target:

Short-term Target: $26.00 (Resistance Level)

Upside Target: $28.00 (Next Resistance Zone)

Downside Target: $18.57 (Support Level)

Watch for any signs of a reversal or consolidation at support around $18.57. A move back towards $26.00 and beyond could indicate continued bullish momentum. Keep an eye on volume and price action for confirmation of the trend.

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