📊 $LINK /USDT Technical Analysis Update
Current Price: $22.78 (+0.71%)
🔍 Analysis:
$LINK is attempting a recovery after dropping from its recent high of $24.94. Support is forming around $22.26, with price action consolidating near the $22.50 level.
🎯 Targets:
1. Immediate Target: $23.50 - Testing short-term resistance as momentum builds.
2. Secondary Target: $24.50 - Approaching a significant resistance zone; volume breakout needed.
3. Long-term Target: $26.00 - Key psychological level for bullish continuation.
📉 Support Levels:
$22.00 - Major support zone for LINK to sustain the current uptrend.
💡 Trading Strategy:
Short-term traders can look to take profits near $23.50, with stop-loss placed at $22.20 to mitigate risks.
Long-term holders should watch for a sustained breakout above $24.50 with high volume to target $26.00 and beyond.
Look for consolidation signals at $22.00 as a potential accumulation zone.
📈 Market Outlook: A breakout above $24.50 may trigger a strong bullish rally, while a dip below $22.00 could signal further downside.