The (LINK) currency is experiencing noticeable activity in the market today, currently trading at around $21.5 after some slight retracements. The price shows strong bullish signals supported by recent whale movements and some technical indicators.
Overall trend:
The price is currently trading above the short-term and long-term moving averages, indicating a continued upward trend. The Relative Strength Index (RSI) is at around 63, reflecting a state of positive momentum with room for further increase before entering the overbought territory.
Support and resistance levels:
The key support is at $15.4, which is considered an important base for a rebound in case of any correction.
The main resistance is at $26, and if it is broken, the price could rise towards $30 in the near future.
Short and long-term forecasts:
In the short term, the price is expected to range between $21 and $23.3 over the coming days.
In the medium term, the price could rise to around $25 if the momentum continues.
In summary, LINK shows positive technical signals and is likely to continue the upward trend as long as the price maintains the main support levels. Investors should closely monitor support and resistance levels before making any buying or selling decisions.
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