🚨 $LINK /USDT TECHNICAL ANALYSIS: BIG MOVE INCOMING! 🚨
$LINK /USDT is currently trading at $27.77, marking a 22.01% increase in the last 24 hours. After touching a high of $29.45, LINK is showing signs of slight consolidation, which could set the stage for its next breakout or retracement. Here’s what to watch next:
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Key Levels and 3 Targets
1️⃣ Immediate Resistance: $29.50
Breaking above this level could reignite bullish momentum, driving LINK to new highs.
2️⃣ First Target: $31.00
If LINK breaches $29.50, this psychological level becomes the next focus. A rally above $31.00 could trigger further buying interest.
3️⃣ Second Target: $33.50
Sustained momentum could push LINK toward $33.50, reflecting the next significant resistance level and a likely profit-taking zone.
4️⃣ Support Zone: $26.50
On the downside, if LINK fails to break above $29.50, it may retest $26.50 as critical support. A break below this could shift momentum bearish, targeting $24.00.
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Technical Insights
Trend: Bullish, supported by sharp volume spikes and strong daily momentum.
Indicators: RSI is in overbought territory, signaling a potential short-term pullback before another upward move.
Volatility: Elevated – sharp price swings expected as traders position for the next big move.
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Trading Strategy
💡 Bullish Play:
Entry: Above $29.50
Targets: $31.00, $33.50
Stop-Loss: Below $28.00
💡 Bearish Play:
Entry: Below $26.50
Targets: $24.00, $22.00
Stop-Loss: Above $27.50
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Stay alert and trade wisely—LINK is gearing up for a decisive move!
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