$LINK /USDT: Technical Analysis & Price Targets

Current Market Overview:

Current Price: $29.29 (+5.25%)

24H High: $30.77

24H Low: $27.74

24H Volume (LINK): 10.54M

Key Observations:

Strong intraday volatility with a tested high at $30.77, indicating significant resistance at this level.

The price is consolidating around $29.30 after a recent sharp rally, suggesting potential re-accumulation.

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Technical Indicators:

1. Support Zone: $27.50 - $28.00

Historical buying activity seen in this range. If LINK corrects further, this zone may act as a strong support for bullish reversals.

2. Resistance Levels:

Immediate Resistance: $30.50 - $30.80

Key Psychological Resistance: $32.00

3. Trend Analysis:

LINK has shown 121.82% growth in the past 30 days and 163.78% in 90 days, reflecting strong momentum. However, profit-taking near highs could trigger short-term pullbacks.

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Price Targets

1. Target 1 (Short-Term): $30.80

Breaking this immediate resistance will likely confirm further bullish momentum.

2. Target 2 (Mid-Term): $32.50

Achievable if the price sustains above $30.80 and volume increases.

3. Target 3 (Long-Term): $35.00

A breakout above $32.50 would indicate a continuation of the broader uptrend.

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Strategy Suggestion:

For Bulls: Watch for a confirmed breakout above $30.80 with strong volume to initiate fresh longs toward $32.50 and $35.00.

For Bears: Monitor for rejection near $30.50 - $30.80, as this could trigger a retracement to the $27.50 support zone.

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