$LINK

LINK Price Analysis: Is the next target aiming for $34.8?

Brothers, recently LINK's performance has been quite eye-catching, directly breaking through the upper resistance level of $27.33 on December 12, but facing some selling pressure around $30.9. Next, will it continue to rise or have a short-term pullback? Let's discuss.

Bullish dominance, support turning into a key signal

Market Review: LINK strongly rebounded from the 20-day moving average ($23.2) on December 11, then broke through the key resistance level of $27.33.

Buyers have a clear advantage: the rising moving averages and RSI in the positive zone indicate that the bulls currently hold the initiative.

If LINK can stabilize and rebound at $27.33, this will be a strong signal for the bulls to turn it into support, further increasing the likelihood of breaking through $30.9.

First Target: After breaking through $30.9, the price is expected to rush towards $34.8.

Second Target: If momentum continues, LINK may further leap to $37.12.

Short-term Risk: Watch the support at $27.33

Weak Signal: If LINK falls below $27.33, the bulls' advantage may be weakened.

Support Test: After breaking below, the price may retest the 20-day EMA ($23.2), which is a key support level that the bulls need to defend.

LINK's current trend is very attractive, with a bullish market atmosphere, and $27.33 is an important defense line for the bulls. Brothers, the core of this operation is to “defend the support and watch for the breakout.” Don’t panic, wait for the trend to stabilize before boldly following up, we will proceed steadily, aiming for $34.8 or even higher targets! 🚀