$LINK

🔮Why did LINK stabilize above the moving average on May 1? It indicates that the market is still optimistic, and buyers are unwilling to let the bears continue to dominate the battlefield!

🟩 Bullish Scenario: Once it breaks through, the market will take off!

The bulls have a very clear target now: break through $16 and also tear through the upper line of the downward channel that has constrained us for more than half a month!

Once it stands above, it will not just be a technical breakthrough, but:

A signal of "trend reversal!"

The upward space will then open up, heading directly towards higher points, possibly triggering a wave of FOMO.

🟥 Bearish Scenario: Can't go up? Then it's time to sell at a high!

But do you think the bears will let you take off easily? Think again! They will definitely set up heavy ambushes at $16 and the channel's upper edge, luring buyers, shaking out positions, and dumping!

If LINK can't break through and instead falls back below the moving average, it is very likely to:

Drop back down to the low support of $11.66

Continue to oscillate repeatedly within the channel

In simple terms: no breakthrough means it's all a trap for buyers!