$LINK is looking strong, with a bullish breakout confirmed after rebounding from $14.70 to a high of $15.95. The current trend remains bullish as long as LINK holds above $15.60. Here's what's next ¹ ² ³:
- *Resistance Levels:*
- *Immediate Resistance*: $16.20 - $16.50
- *Next Target*: $17.00, potentially reaching $17.20 and $18 if the breakout sustains
- *Long-term Targets*: $25-$30, based on bullish patterns and market sentiment
- *Support Levels:*
- *Current Support*: $15.60 (crucial to hold for bullish trend)
- *Lower Support*: $14.00-$14.10 (recent resistance-turned-support)
- *Market Sentiment:*
- *Bullish Momentum*: Rising volume and clean candle structure indicate strong buyer dominance
- *Partnership Announcements*: Recent partnerships and increased DeFi integration have added positive sentiment
- *Altcoin Dominance*: Rising slightly, indicating potential for further growth
Some analysts predict a potential 17% surge to $16.00 if LINK breaks and holds above $14.00. Others see targets at $27 and $32 in the long term. Keep an eye on these levels and adjust your strategy accordingly ² ⁴.