$LINK Faces Resistance – Eyes on $18 Breakout
LINK is holding strong at $17.90, with a solid +6.55% daily gain. Price is consolidating in a tight range just below the key $18.00 resistance level, showing signs of a possible breakout if momentum continues.
Key Levels to Watch
• Resistance: $18.00 – A clean breakout could push price toward $18.20 and $18.45
• Support: $17.75 – Losing this level might lead to a retest of $17.50
Trade Setup
• Bullish Entry: Break above $18.00
• Target 1: $18.20
• Target 2: $18.45
• Bearish Entry: Rejection from $18.00 and close below $17.75
• Target 1: $17.50
• Target 2: $17.20
With bullish pressure building and volume gradually returning, a breakout may be around the corner. Watch for a strong candle close above $18 for confirmation.