📣 $LINK shows a clear upward structure — is it preparing to break towards $21.16? 🚀📈
LINK is moving within an ascending price channel, with a series of higher lows and highs, indicating a stable upward trend.
The recent rebound from the support level at $14.83 reinforces this trend, especially with the current resistance test at $18.27.
📊 Key technical levels
• Resistance: 18.27 (under test), 18.98 (local peak), 21.16 (main target after the breakout)
• Support: 15.97 (pivot), 14.83 (channel bottom), 13.30–13.50 (strong demand zone)
📈 Technical indicators
• Stochastic RSI shows a bullish crossover from the oversold area — a classic buy signal
• MACD is approaching a positive crossover, enhancing the likelihood of momentum continuation
• Trading volume rises during the uptrend and declines during corrections — confirming the strength of the upward trend
🔍 Potential scenarios
• Bullish scenario: A clear breakout above $18.98 with volume confirmation could push the price towards $21.16 then $22.35
• Bearish scenario: Breaking support at $15.97 could lead to a decline towards $14.83 or even $13.30
📌 Trend summary
• Overall trend: Bullish
• Current price: $16.76
• Indicators show buy signals, but confirmation of movement requires breaking resistance on strong volume
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