$LINK

LINK Adjustment and Reorganization, Short-term Direction Awaiting Breakthrough

Market Analysis

LINK current quote is $24.33, with a daily decline of 1.46%. The daily chart shows that the price is oscillating near the MA(7) moving average, with intense short-term bullish and bearish battles, and trading volume has shrunk.

Key Levels

• Support Levels: $24.00, $23.00

• Resistance Levels: $25.50, $26.80

Operational Suggestions

1. Bullish Strategy: If the price stabilizes above $24.00, consider trying a small long position, target $25.50, and if broken, look towards $26.80, with a stop loss at $23.50.

2. Bearish Strategy: If the price breaks below $24.00, consider a small short position, target $23.00, with a stop loss at $24.50.

Trend Outlook

The market is primarily focused on adjustments in the short term, pay attention to the price performance at key levels, and after a breakthrough, a new trend direction is expected to form.

Feel free to follow for updates, so you won't get lost. Daily analyses of mainstream coins and popular altcoins’ trends and levels will be provided. Wishing everyone prosperity and a bountiful year together!