$LINK PUSHES HIGHER – BREAKOUT LOOMING ABOVE $16.54?
LINK/USDT is trading at $16.40, gradually recovering after a dip toward $15.69 earlier in the day. The price is now consolidating just below a key resistance zone, with bulls trying to regain control. A clear breakout above $16.54 could open the path to fresh intraday highs.
Key Technical Levels
Immediate Resistance:
• $16.54 – A successful breakout here could drive LINK toward $16.72 and $16.90.
Support Zone:
• $16.20 – If this support breaks, a drop toward $15.90 and possibly $15.69 may follow.
Trade Setup – Watch the Breakout Zone
Bullish Scenario
• Entry Trigger: Above $16.54 (confirmed breakout)
• TP1: $16.72
• TP2: $16.90
• Stop-Loss: Below $16.20
Bearish Scenario
• Entry Trigger: Below $16.20 (support loss)
• TP1: $15.90
• TP2: $15.69
• Stop-Loss: Above $16.55
LINK is showing signs of strength, but buyers must break the $16.54 barrier with volume support to validate continuation.