$LINK /USDT Analysis: Strong Bullish Momentum with Breakout Potential ... Link Eye on $30 ... Must buy and hold it long term..
$LINK /USDT is demonstrating robust bullish activity, currently trading at $21.47 with a 6.55% gain in the last 24 hours. The price has surged from a low of $19.67 to a high of $21.49, breaking critical resistance levels. This sharp rally is supported by strong trading volume, indicating continued interest from buyers as LINK targets new highs.
Key Levels to Watch:
Resistance:
$21.50 – A crucial resistance level. A breakout above this could pave the way for higher targets.
Support:
$21.00 – Immediate support to sustain the upward momentum.
$20.25 – A secondary support zone in case of a pullback.
Trade Setup:
Entry Point: Around $21.40
Targets:
Target 1: $22.00
Target 2: $23.00
Stop Loss: $20.50
Market Insights:
LINK/USDT's move above $21.00 marks a significant shift in sentiment, with the price now approaching the $21.50 resistance. A confirmed breakout could lead to further gains, with $22.00 and $23.00 as potential targets. However, a failure to hold above $21.00 may result in a short-term retracement.
Recommendation: Monitor the $21.50 resistance closely for signs of a breakout, and ensure proper risk management with tight stop-loss settings.
