$LINK /USDT Price Analysis: Recovery Attempt Underway
BTC
14.051
-9.26%
$LINK is currently trading at $22.89, down 10.69% in the last 24 hours, after bouncing from its intraday low of $22.10. Buyers are stepping in to support the price at critical levels.
Key Levels to Watch:
Resistance: $23.50 – Breaking above this level could push the price toward $24.00 and $25.00.
Support: $22.10 – A breach below could lead to a retest of $21.50.
Trade Setup:
Long Entry: Above $23.00, targeting $24.00 and $25.00.
Short Entry: Below $22.10, targeting $21.50.
Market Insights:
The RSI at 71.98 indicates overbought conditions, suggesting caution. MACD is turning bullish, signaling possible continuation of the upward move. Monitor volume and momentum closely for confirmation.
