$LINK Price Analysis: A Critical Juncture_ 🚨

LINK's recent price action has been nothing short of thrilling! The price has broken below the 50-day moving average ($21.29) and has directly touched the support level of the head-and-shoulders pattern formed on December 31st. The moment of truth has arrived! 🕰️

Bullish Rebound: The Power of $20 Support 💪

On January 1st, bulls strongly rebounded from the $20 level, indicating that this level is the current "line of defense" for the bulls. If the rebound momentum continues, we can expect the following two key challenges:

1. 20-day moving average resistance: Bulls may encounter selling pressure from bears here, which is a hurdle that must be overcome.

2. Higher target: $26: Once bulls break through the 20-day moving average, it will ignite market confidence, and the price may rapidly surge towards $26.

_LINK is currently in a tug-of-war between bulls and bears, with $20 being the short-term lifeline._ 📈

Will LINK's price break through the resistance levels and continue its upward momentum? Or will bears take control and push the price lower? Stay tuned for further updates! 📊

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