$LINK LINK/USDT 4-Hour Chart Analysis
Current Price: $16.59 (-4.69%)
24H Range: $16.03 - $17.59
24H Vol: 5.45M LINK | 90.91M USDT
Analysis:
LINK/USDT saw a strong rally from $14.00 to $17.59, but pulled back after hitting resistance at $17.50–$17.60. Now at $16.59, it’s testing key support around $16.00.
Bullish Case: Holding above $16.00 with rising volume could push it back to $17.59, targeting $18.00+.
Bearish Case: A break below $16.00 might lead to $15.00 or lower, especially if selling volume spikes.
Volume dropped during the pullback, but SMAs remain below the price, keeping the trend bullish for now. Watch $16.00 support and $17.59 resistance for the next move!
