🚀
$LINK LINK/USDT Technical Analysis & Targets 🎯
Market Overview:
Current Price: 20.31 USDT
24h Change: -2.92% (≈ Rs 5,653.89)
24h High: 21.04 USDT
24h Low: 19.67 USDT
24h Volume:
LINK: 3.95M
USDT: 79.43M
Technical Insights:
The LINK/USDT pair has been consolidating between the support and resistance zones, with a slight downward trend observed in the last 24 hours. With moderate volume and a recent drop, the price could either attempt a recovery or test lower support levels.
Support Level 1: 19.67 USDT (Immediate support)
Support Level 2: 19.00 USDT (Long-term support)
Resistance Level 1: 20.44 USDT (First resistance)
Resistance Level 2: 21.04 USDT (24h high and key breakout point)
🎯 Target Levels:
1️⃣ Target 1: 20.44 USDT
Rationale: Immediate resistance level; breaking above it could trigger a short-term rally.
2️⃣ Target 2: 21.04 USDT
Rationale: Key resistance and the 24h high, where we could see stronger upward movement.
3️⃣ Target 3: 22.00 USDT
Rationale: A psychological level and prior price action level, where further bullish momentum could push the price.
Indicators:
MA(5): 31,277.24 – Short-term moving average, indicating a mild upward pressure.
MA(10): 34,943.57 – Medium-term moving average suggesting stability or consolidation.
Depth Analysis:
AVL: 20.30 USDT – Strong support at this level in the order book.
BINANCE Depth: Key orders found between 19.63 and 20.44, showing potential areas for breakouts or bounces.
Trading Strategy:
For Bulls: Consider entering near the support at 19.67 USDT, targeting 20.44 and 21.04 for possible profits.
For Bears: A breakdown below 19.67 could indicate a move toward 19.00 or lower.
#Binance #LINK #CryptoAnalysis #InfrastructureCoins