$LINK

LINK Price Analysis

LINK has reached a critical juncture once again! The rebound from the H&S pattern neckline indicates that the bulls are strongly defending their position, but the resistance ahead should not be underestimated.

Bullish Strategy: After breaking through $22.8, the target is $27.3!

Selling Pressure Point: The current price is approaching the 20-day moving average ($22.8), which is the main defense line for the bears. If the bulls successfully break through, it will release a strong bullish signal.

Target Price: If the price stabilizes above $22.8, LINK is expected to challenge the target area of $27.3, further consolidating the bulls' dominant position.

Bearish Counterattack Risk: $21 is the key support!

If the price fails to hold above the 20-day moving average or is met with strong selling pressure that causes a pullback, it will test the important support level of $21. If it falls below $21, the bears will regain control of the market, and LINK may drop to lower levels, targeting $16.