Chainlink Technical Analysis ($LINK ) - Dec 28, 2024 (4 hours):

Technical Indicators:

RSI: At 45, indicating neutral momentum.

Moving Averages:

50 EMA: Resistance at $22.50.

200 EMA: Major support at $20.00.

Support and Resistance Levels:

Immediate Support: $21.00

Major Support: $20.00

Immediate Resistance: $22.50

Major Resistance: $24.00

Possible Scenarios:

Bullish: Breaking $22.50 could target $24.00 and then $26.00.

Bearish: Breaking $21.00 could push the price towards $20.00 and then $18.00.

Conclusion:

Chainlink is currently moving sideways. A break of $22.50 could signal bullish momentum, while a break of $21.00 could reinforce bearish pressure. Monitor levels closely and apply risk management strategies.

Not financial advice.