$LINK
🚀 LINK/USDT Technical Analysis – Price at 27.02: Key Levels to Watch!
The LINK/USDT pair is currently trading at 27.02, facing critical levels that could dictate its next move. With a bearish momentum showing at this price point, traders should pay close attention to support and resistance zones.
Support Level: The immediate support sits at 26.50, and a breach of this could open the door to lower levels, with 25.80 being the next strong support. Watch for a potential bounce if the price holds above 26.50.
Resistance Level: On the upside, 27.80 remains a key resistance level. A break above this could lead to a rally toward the 28.50 zone. Traders should look for confirmation of upward momentum before entering.
Moving Averages & RSI: The price is testing key moving averages, with the 50-period MA acting as immediate resistance. The RSI is dipping below 50, suggesting bearish pressure, but a reversal above 50 could indicate a shift in trend.
Entry Strategy: For bearish plays, look for a solid breakdown below 26.50, targeting the next support levels. For bullish moves, wait for a breakout above 27.80 to confirm momentum for an upward move.
In this volatile market, strategy and patience are key—let the price action guide you! Keep an eye on these critical levels for your next move!
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