$LINK /USDT has demonstrated a strong upward momentum, surging +21.10% over the last 24 hours.
The price broke out of a consolidation range, climbing from the $18.43 support level to a new 24-hour high of $23.42. This sharp rally indicates strong bullish sentiment, accompanied by significant volume increases. However, the RSI at 93.68 suggests the asset is in overbought territory, signaling a potential pullback or consolidation phase.
Current Price: $22.73
Entry Price: $21.50ā$22.50 (on minor pullbacks)
Key Levels:
Resistance: $23.42, $25.00
Support: $21.13, $18.47
Take-Profit Targets:
1. $24.50
2. $26.00
3. $28.00
Stop Loss: $20.90
Cautionary Note:
Traders should monitor price stability around the $23.42 resistance. A breakout above this level with sustained volume may lead to a further rally, while a failure could trigger a short-term retracement. Exercise caution and use risk management strategies.
