$LINK is trading at approximately $22.92 USD, reflecting a 5.33% increase over the past 24 hours.
Over the past month, LINK has experienced significant bullish momentum, rising from around $15.50 to its current price. This surge is attributed to several factors, including increased whale accumulation and institutional partnerships.
Technical analysis indicates that LINK is testing key resistance levels. A firm close above $22.05 could signal a continuation of the rally. Additionally, the formation of a Golden Cross, with the 50-day moving average crossing above the 200-day moving average, suggests a bullish trend.
Traders should monitor the $22.05 resistance level for potential breakout opportunities. A sustained move above this level could target the next resistance around $24.80. Conversely, a failure to maintain support at $20.87 may lead to a pullback toward lower support levels. Utilizing technical indicators and staying informed about market developments can aid in making informed trading decisions.
