Explosive! Is LINK's surge followed by a drop just a false move? Is above 18 dollars just the starting point?
Don’t be fooled by the superficial volatility; this wave of LINK is not a "surge followed by a drop," but rather a "deep squat jump"!
Just now, it completed a strong breakthrough of the volatile range. Although it didn’t hold above the $18 mark the first time, the bulls show no signs of retreat.
From a structural perspective, this rise is a "point rebound" on the Fibonacci key support. Those who understand technical analysis know that selling at this position is giving away money.
The MVRV Z score signaled the "bottom has arrived" on April 8th, when LINK was still at $11.3, and now it has nearly doubled by 50%. At this position, who dares to be bearish?
