🤔 Chainlink — Bullish Momentum Building, but Key Levels Ahead
$LINK has shown solid upward momentum recently, trading around the $16.70 level. The price is approaching the upper Bollinger Band (~$17.30), typically signaling that the asset is nearing short-term overbought conditions. However, a breakout above this zone could pave the way for further upside.
🚀 Based on the charts from WhiteBIT, we’re seeing a clean structure of higher lows and higher highs forming over the past few weeks, suggesting growing investor confidence and accumulation. The middle Bollinger Band (around $15.10) now acts as a dynamic support level, reinforcing the uptrend.
That said, caution is warranted as $LINK approaches the psychological and technical resistance near $17.30. A breakout with volume could target the $20 zone next, while failure to break higher may lead to consolidation around the $15–$16 range.
📈 The outlook remains bullish in the short term, but traders should keep an eye on key resistance levels and potential RSI overextension. #LINK is showing strong technicals — worth watching closely in the coming days.