$LINK /USDT: Recovery in Progress – Critical Resistance Ahead 📊
📈 Current Price: $23.19 (+0.61%)
📊 24H Range: $20.02 - $23.73
💡 Market Update: After a sharp decline to $20.02, LINK has bounced back and is now testing $23.19. Buyers are stepping in, but the price is approaching a critical resistance zone, which could determine the next major move.
Key Levels to Watch:
Resistance Zone: $23.45 - $23.73
Support Zone: $22.50 - $22.70
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Technical Indicators:
Moving Averages (MA): MA(5) is crossing MA(10), signaling early bullish recovery.
MACD: Bearish but flattening, indicating a potential trend reversal.
Volume: Elevated, showing strong market participation during the recovery.
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Actionable Insights:
A breakout above $23.73 could open the path to $25.00 and higher.
Maintain a stop-loss below $22.50 to safeguard against unexpected reversals.
Watch for increased volume to confirm a breakout or sustained upward momentum.
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