$LINK /USDT Technical Analysis & Targets
Current Price Action: $LINK /USDT is trading at $23.42, showing a modest 0.77% gain today. The pair is consolidating near resistance levels after rebounding from recent lows, signaling potential for a breakout.
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Key Levels:
1. Target 1: $24.00
Immediate resistance lies at $24.00. A breakout above this level could confirm bullish continuation in the short term.
2. Target 2: $25.50
If LINK sustains momentum, the next target is $25.50, aligning with a key resistance zone from recent highs.
3. Target 3: $27.00
A breakout above $25.50 could set the stage for a move toward $27.00, a significant psychological and technical level.
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Trading Strategy:
Entry Zone: Look to enter around $23.00–$23.50.
Take Profit Levels:
30% at $24.00
50% at $25.50
Final 20% at $27.00
Stop-Loss: Place below $22.50 to manage downside risk.
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Outlook:
LINK/USDT has posted a 64.42% gain over 30 days and 106.61% over 90 days, reflecting strong bullish sentiment despite short-term consolidation. Today’s 1.91% intraday gain indicates potential for further upward movement, provided it holds above support levels.