#LINK #Chainlink #Crypto #ETF #BinanceFutureTrading
📌 Market Situation
Current Price: $16.13
Market Capitalization: $10.65 billion
24h Trading Volume: $751.76 million
Circulating Supply: 657.09 million LINK
24h Volatility: +2.57%
All-Time High: $52.99 (10/05/2021)
🔍 Technical Analysis
Chainlink (LINK) has surpassed the important resistance level of $15.00, indicating a strong bullish trend. The 'symmetrical triangle' pattern on the 4-hour chart suggests a potential breakout to $17.00 if trading volume remains high. Key support levels are $14.50 and $14.00.
⚙️ Suggested Trading Strategy
Buy Zone: $15.50 – $16.00
Stop-loss: $14.50
Take Profit 1 (TP1): $17.00
Take Profit 2 (TP2): $18.00
Expansion Scenario: If LINK closes the weekly candle above $18.00, it may hold the position up to $20.00.
🧭 Notable Events
ETF Expectations: The likelihood of Chainlink ETF approval is increasing, with the approval rate expected to reach 75% by 2025.
Strong Growth: Chainlink has increased by 44.22% in the past month, indicating strong interest from investors.
🔗 Trade Now