🚨 $LINK Consolidates at $29.20: Will Bulls Drive It Above $29.62? 🚨
Chainlink ($LINK ) is currently trading at $29.20, showing a modest 0.69% gain as it stabilizes after a sharp recovery from its recent low of $28.02. The price tested a high of $29.62 earlier but faced resistance, indicating that buyers need more momentum to push LINK beyond this level.
Immediate upside targets are set at $29.50 and $29.62, with a breakout potentially leading to a test of the next psychological barrier near $29.88. On the downside, support holds at $29.11, with further safety at $28.53. The RSI at 60.1 suggests moderate strength, leaving room for further bullish movement. Meanwhile, the MACD histogram shows a recovery trend, hinting at sustained upward momentum.
If LINK can break past resistance with increased volume, it could signal a stronger push towards $30. Watch these levels closely as the market looks poised for decisive action.