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$LINK
It rose sharply from the 20-day EMA ($22.56) on December 11 and broke above the overhead resistance at $27.41 on December 12. However, the rally is facing selling at $30.94.
The upsloping moving averages and the RSI in the positive territory indicate that buyers have the upper hand. If the price bounced off $27.41, it will suggest that the bulls are attempting to flip the level as support. This improves the prospects of a rally above $30.94. The LINK/USDT pair could bounce to $34.50 and then to $38.30.
The first sign of weakness will be a dip and close below $27.41. This opens the doors for a possible drop to the 20-day EMA.
It rose sharply from the 20-day EMA ($22.56) on December 11 and broke above the overhead resistance at $27.41 on December 12. However, the rally is facing selling at $30.94.
The upsloping moving averages and the RSI in the positive territory indicate that buyers have the upper hand. If the price bounced off $27.41, it will suggest that the bulls are attempting to flip the level as support. This improves the prospects of a rally above $30.94. The LINK/USDT pair could bounce to $34.50 and then to $38.30.
The first sign of weakness will be a dip and close below $27.41. This opens the doors for a possible drop to the 20-day EMA.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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