🌟 **LINK in Ascending Route** 🌟
In the 4-hour chart, **Chainlink (LINK)** is showing bright signs of recovery and growth. Here’s what you need to know:
- **Current Price:** $21.48 with an increase of +8.65% in the last 24 hours.
- **Price Pattern:** We have seen a breakout from an inverse head and shoulders pattern, indicating that LINK may have reached its lowest point. The trend is clearly upward!
- **Momentum:** LINK is above the MA200, confirming the strength of the upward trend.
🛡 **Key Levels to Watch:**
- **Support:** Keep an eye on the support at $18.50. Maintaining this level is crucial for continued momentum.
- **Resistance:** The next target could be the $26-$27 range. If this level breaks, we could see LINK aiming for $30.
📊 **Indicators:**
- **Overbought:** Although the momentum is strong, there are signs of overbought conditions that could suggest a small pullback, but the overall trend remains positive.
- **Volume:** A significant increase in volume during the breakout supports the validity of the bullish move.
🚀 **Market Outlook:**
- **Bullish Trend:** LINK seems ready for more gains, but caution is key.
- **Sentiment in X:** The community is excited, seeing patterns like bull flags and channel breakouts, confirming the upward trend.
🔍 **Final Considerations:**
- Watch the support at $18.50. A drop below could change the narrative.
- Volatility is part of the game with LINK, so manage your risk.
Are you ready to join LINK's journey to new heights? Keep your eyes wide open and your strategies ready.