$LINK / USDT ALERT: Chainlink Shows Bearish Pressure – Key Levels to Monitor! 🚨
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.
🎯 Targets to Watch: Target 1: $30.00 – A bounce back towards this level could signal a potential reversal and a test of higher resistance zones. Target 2: $32.00 – A push past $30.00 could indicate further upside, with the next significant target near $32.00. Target 3: $35.00 – A strong rally from this support zone could test the psychological $35.00 level.
🔑 Support Levels: Primary Support: $28.48 – The recent low serves as the key level to maintain bullish hopes. A break below could lead to further downside. Secondary Support: $26.00 – A dip below $28.48 would bring $26.00 into focus, which could serve as a critical support level in the medium term.
⚠️ Note: Trading volume remains moderate, and with a slight downward movement, caution is advised. Watch for any changes in momentum and manage trades accordingly.