$LINK Breaking Out? Eyes on $16.65 for the Next Surge!
$LINK is trading at $16.51, riding solid momentum after a consistent uptrend. Price is consolidating just below a key resistance zone, with bulls testing the waters for a breakout above $16.60. If sustained, it could trigger a sharp leg higher.
Key Technical Levels
• Resistance Zone: $16.60 – $16.75
A breakout with volume may unlock upside toward $17.10 and $17.50.
• Support Zone: $16.44 – $16.20
Holding above this zone keeps the uptrend structure intact.
Trade Setup
Bullish Scenario
• Entry: Above $16.65 (candle close on 15M/1H with spike in volume)
• Target 1: $17.10
• Target 2: $17.50
• Stop Loss: Below $16.20
Bearish Scenario
• Entry: Below $16.20 (confirmed breakdown)
• Target 1: $15.85
• Target 2: $15.40
• Stop Loss: Above $16.50
What to Watch (Short)
• Volume spike at $16.60
• Fakeouts or wick traps
• RSI divergence or trendline breaks
$LINK looks poised for a decisive move — breakout traders should keep a close eye on how price behaves at $16.60. A clean breakout could accelerate gains fast.