โญ Greed Rising, Chainlink Stalling: Will LINK Smash Past $20 And Race To $36.5?#Market_Update โญ Buy and trade here ๐ค
#Chainlink โs token, $LINK , has barely budged this month. It sits in 13th place by market cap after picking up just 3.8% since May 1. Its price hovers under $12 at times, though some reports put it near $16 when markets last ticked. That mixed picture raises questions about whether LINK can keep its spot.
๐Resistance Zones Shape Outlook๐
Traders eye key hurdles on the LINK/USDT chart. First up is a wall at $20, a level where sellers have stepped in before. A push past that could send LINK toward a $25โ$26 area. Beyond lies a mid-term target of $28โ$30, matching late-2024 highs.
Volume spikes in April did trigger a 14% climb, pointing to possible repeat action. But bears still have a say. The MACD line sits under its trigger line, though the gap is narrow. Histogram bars are flat, hinting that selling force might be fading. A crossover could spark fresh buying.
$LINK โs downtrend channel is about to break out.
This rise is likely to proceed smoothly to the $36.5 level, where there is a selling๐ฅ๐ฅ
๐ Disclaimer:Not financial advice! Always do your own research! ๐