Between the first and second LINKUSDT (Chainlink to USD) charts:
Previous Chart (Nov 28, 2024)
The price was $18.13, and Chainlink was breaking out of a prolonged downtrend marked by a descending trendline. The yellow zone, a strong accumulation and support area, indicated a potential bullish reversal. This setup pointed to an attempt to overcome significant resistance and transition into a more bullish market structure.
Current Chart (Dec 3, 2024)
The price has surged to $25.07, showing a significant breakout above the descending trendline. This upward momentum reflects strong buyer interest and confirms the reversal from the accumulation zone. The price now appears to be targeting higher resistance levels, with the yellow zone serving as a solid base for future support. Chainlink's move demonstrates renewed strength in the market and positions it for further upside if momentum continues.