$LINK RECOVERY IN MOTION – KEY RESISTANCE BEING TESTED
$LINK is trading at 16.53, rebounding from the 24h low of 15.85 after a volatile session. Volume is moderate at 39.68K, and bulls are currently pushing into a strong resistance zone on the 15-minute chart.
Key Support & Resistance Levels:
• Resistance:
• 16.56 – Immediate resistance
• 16.80 – Breakout target if momentum continues
• Support:
• 16.44 – Closest support after reclaim
• 16.20 – Mid-level support zone
• 15.85 – 24h low and major demand area
Trade Setup – Short-Term Breakout Attempt:
• Entry Zone: 16.48 – 16.53
• TP1: 16.56
• TP2: 16.80
• Stop-Loss: Below 16.20
LINK is holding above support and showing healthy buyer interest (54.34% bid dominance). If bulls manage to flip 16.56 into support, the path toward 16.80 opens up. However, rejection here could lead to a retest of the 16.20 zone.