$LINK Price Analysis – 1-Day Timeframe

Current Price: $12.27 (+6.70%)

ChainLink (LINK) has shown strong bullish momentum over the past day, rising by 6.70% to reach $12.27. The price has been in a steady uptrend, breaking through resistance levels and reaching a high of $12.37, suggesting positive market sentiment and strong buying pressure.

Key Technical Indicators:

1. Trend: The chart highlights a clear upward trend, with LINK continuously setting higher highs and higher lows. This pattern indicates sustained bullish sentiment and growing buyer interest.

2. Support & Resistance Levels:

• Immediate Resistance: The recent high at $12.37 serves as the immediate resistance level. A breakout above this level could drive further gains.

• Immediate Support: Around $11.48, where the price found support earlier, acting as a potential floor if there’s a pullback.

3. Momentum: The steady rise in price with minimal retracements shows strong momentum. The continued upward movement with limited dips reflects robust market confidence in LINK’s short-term growth.

Technical Outlook

If LINK can surpass the $12.37 resistance level, it could pave the way for additional gains, potentially testing higher resistance levels. However, a pullback to the $11.48 support may allow for a consolidation phase before any further upward movement.

ChainLink is demonstrating a solid bullish trend, with the potential for more gains if it breaks above the $12.37 resistance. Traders should watch for this level, as well as the support at $11.48, to gauge LINK’s next moves. The current momentum suggests optimism and sustained interest from buyers.#BinanceBlockchainWeek #USJoblessClaimsDip #EthereumPectraUpgrade #BTCBreak71K