$LINK – The Calm Before the Storm?

Current Price: $15.25 (+0.93%)

24H Range: $14.68 - $15.80

Volume: $127.12M USDT – momentum stabilizing, setting the stage for the next big move.

Technical Analysis:

1. Price Action:

•. LINK has climbed from a low of $14.68, hitting a local high at $15.80 before facing resistance.

• A slight rejection at $15.80 shows sellers defending this zone, but the overall structure remains bullish.

2. Support Levels:

• Key Support 1: $15.15 (MA25) – holding steady as the price consolidates.

• Key Support 2: $14.84 (MA99) – serves as a strong base for a potential bounce.

3. Resistance:

• Immediate Resistance: $15.80 – a breakout above this could trigger a rally toward $16.50.

4. Volume Trends:

• Declining volume suggests consolidation after recent gains, giving bulls time to regroup.

5. Moving Averages:

• Price is holding above the MA25 and MA99, confirming an upward trend.

• A dip below $15.15 could temporarily shift momentum toward bears, but $14.84 provides a solid cushion.

Next Move Scenarios:

Bullish Case:

• A clean break above $15.80 with strong volume could push LINK toward $16.20-$16.50.

Bearish Case:

• If $15.15 breaks, expect a retest of $14.85, where buyers are likely to re-enter.

Final Word:

LINK is in a consolidation phase. Keep an eye on $15.80 for a breakout or $15.15 for a pullback opportunity. Bulls remain in control as long as key support levels hold.

#SOLHitsATH #GaryGenslerResignation #EyesOnBTC #AltcoinNextMove