$LINK - Bullish Breakout Confirmation
The price of $LINK has gained good momentum, perfectly following the previously recorded bullish structure. The price bounced strongly from $14.70, reaching a peak at $15.95, confirming the buyers' dominance. Optimists are now clearly in control, having formed higher lows and broken through resistance levels.
Supporting this move are the following:
A strong rebound from a major support level
An increase in trading volume and a clear candlestick structure
Continuous upward pressure without significant pullbacks
As long as the price of $LINK remains above $15.60, the trend will remain bullish. The next resistance is near $16.20 - $16.50. If broken, we could see a continued rise towards $17.00.
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