๐Ÿš€$LINK LINK/USDT Gains 8.88%: Will $25 Resistance Hold?

๐Ÿ“ˆ Current Price: $23.91 (+8.88%)

๐Ÿ”บ Resistance Levels: $24.97 and $25.50

๐Ÿ”ป Support Levels: $23.50 and $22.47

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Market Overview

Chainlink (LINK) is making significant upward strides with an 8.88% surge in the last 24 hours. It touched a high of $24.97, showing strong bullish momentum, but is currently consolidating just below the key resistance.

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Key Indicators to Watch

1๏ธโƒฃ Volume Trends:

Trading volume remains robust, supporting bullish momentum.

2๏ธโƒฃ RSI Levels:

RSI is nearing overbought levels, signaling potential short-term consolidation.

3๏ธโƒฃ Support and Resistance:

Immediate support at $23.50 is critical to sustaining the uptrend, while $24.97 serves as the next major resistance to overcome.

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Scenarios to Watch

Bullish Case:

If LINK breaks above $24.97, it could challenge the psychological $25.50 level and aim for $26.

Bearish Risks:

Failure to hold above $23.50 might lead to a pullback toward $22.47, where buyers could re-enter.

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Trading Strategy

โœ… For Bulls:

Look for a breakout above $24.97 with strong volume.

Targets: $25.50 and $26.

โœ… For Bears:

Consider short positions if LINK drops below $23.50, targeting $22.47 or lower.

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Final Thoughts

LINKโ€™s bullish momentum shows promising potential, but the $25 resistance level is a crucial barrier to watch. Monitor volume and price action closely for signs of continuation or a possible retracement.

Will LINK push past $25 and continue its rally? Share your insights!

#Binance #Chainlink #LINK #CryptoTrading #BullishMomentum