The current price of LINK has weakened to the range of $15.5–$16, approaching a strong support area.
After a rejection at the level of $19.5, the market experienced a reasonable correction. The RSI indicator has not yet entered the oversold zone, while the MACD is beginning to flatten, indicating a possible healthy consolidation phase.
Recommended strategy:
Gradually accumulate when the price is below $16. The short-term strengthening target is in the range of $18–$19.
If it can break through $20, the potential for a longer upward trend could open up until the end of the year.