๐๐ต๐ฎ๐ถ๐ป๐น๐ถ๐ป๐ธ ๐๐๐บ๐ฝ๐ ๐ญ๐ต% โ ๐ช๐ต๐ฎ๐โ๐ ๐ก๐ฒ๐ ๐: $๐ฎ๐ฌ ๐ง๐ฎ๐ฟ๐ด๐ฒ๐ ๐ผ๐ฟ ๐ฃ๐๐น๐น๐ฏ๐ฎ๐ฐ๐ธ?
โ LINK price update:
LINK is trading at $17.06, up 19% this week
Daily gain: +3.5%
Driven by bullish news: Project Acacia (PayTo integration in Australia) + strong partnerships with SWIFT & Google Cloud + improving U.S. policy sentiment
๐ Technical snapshot :
LINK is near a tough resistance zone: $17.50โ$18.00 โ a level where sellers often step in
RSI = 75.82 โ overbought โ can lead to short-term dips
Bollinger Bands widening โ price becoming volatile, sharp moves possible
Current dynamic support: 20-day SMA at $14.46 โ traders may watch this as bounce zone
Strong buying volume: $873 million โ shows market interest
๐ What could happen next:
โก๏ธ Bullish case:
Break & close above $17.50โ$18.00 โ LINK could aim for the big psychological level at $20
โก๏ธ Bearish case:
If price fails to break resistance โ short-term traders might take profit
Possible pullback to $15.25 support or even the 20-day SMA
โ ๏ธ What traders should do:
Watch daily closing price vs. $17.50
Use RSI: overbought = be cautious; dips could be better entries
For short-term: tight stops below $15.25
For mid/long-term: momentum stays bullish as long as LINK holds above $14โ15
โญ Summary:
LINK is hot thanks to adoption news, but itโs testing resistance. Traders should watch if price breaks above $17.50โ$18.00 โ next target $20; or if it fails โ watch for dip buys around $15.25.