$LINK Ready to Breakout or Just a Pause?
Chainlink is hovering at $16.15, pushing against a tough resistance zone around $16.20. Bulls are holding the line, but a strong push is needed to confirm continuation. Price action is tight, signaling a breakout might be around the corner.
Key Levels to Watch
• Resistance: $16.20 – A breakout above this level can target $16.50 and $16.80
• Support: $16.05 – If this breaks, we could see a retest of $15.80 and $15.50
Trade Setup
• Long Entry: Above $16.20
• Target 1: $16.50
• Target 2: $16.80
• Short Entry: Below $16.05
• Target 1: $15.80
• Target 2: $15.50
Momentum’s brewing—watch volume closely. LINK could move fast with the next breakout.