$LINK / USDT ALERT: Chainlink Shows Bearish Pressure ā Key Levels to Monitor! šØ
Chainlink (LINK) is trading at $28.53, down -3.45% in the last 24 hours. After a brief push higher, the price has recently encountered some resistance, falling below key levels. The market is showing signs of consolidation, but momentum remains negative over the short term.
šÆ Targets to Watch: Target 1: $30.00 ā A bounce back towards this level could signal a potential reversal and a test of higher resistance zones. Target 2: $32.00 ā A push past $30.00 could indicate further upside, with the next significant target near $32.00. Target 3: $35.00 ā A strong rally from this support zone could test the psychological $35.00 level.
š Support Levels: Primary Support: $28.48 ā The recent low serves as the key level to maintain bullish hopes. A break below could lead to further downside. Secondary Support: $26.00 ā A dip below $28.48 would bring $26.00 into focus, which could serve as a critical support level in the medium term.
ā ļø Note: Trading volume remains moderate, and with a slight downward movement, caution is advised. Watch for any changes in momentum and manage trades accordingly.