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Binance Technical Analysis: $LINK

/USDT & 3 Key Targets 🎯

LINK/USDT Technical Analysis:
Chainlink (LINK) has been displaying strong bullish momentum, breaking key resistance levels and showing potential for higher targets. Traders are watching closely for potential price levels to aim for.

Current Price: 6.50 USDT

+4.25% (24h)

Key Support and Resistance Levels:

1. Support Level: 6.30 USDT

This level has been a reliable support, maintaining LINK’s price during market corrections.

2. Resistance Levels:

6.80 USDT: Immediate resistance, where selling pressure could be expected.

7.00 USDT: Next significant resistance, a psychological barrier indicating bullish continuation.

Next Targets:

1. Target 1: 6.80 USDT

Breaking 6.80 could push LINK/USDT toward the next resistance level at 7.00.

2. Target 2: 7.00 USDT

A sustained move beyond 6.80 could lead to a test of 7.00, a crucial psychological level.

3. Target 3: 7.50 USDT

Beyond 7.00, 7.50 becomes the next major target, indicating further bullish momentum.

Conclusion:
LINK/USDT continues to show bullish strength with key support and resistance levels providing clear targets. Traders should monitor these levels closely for potential breakout opportunities.