Currently trading at around $24.87, the currency is still moving within a relatively upward range with limited daily fluctuations.
Technical indicators:
The RSI (Relative Strength Index) is close to the neutral zone, signaling that the market is balanced between buying and selling.
The EMA50 moving averages show that the price is trading above them, indicating strength in the short-term uptrend.
The MACD signal is positive but weak, indicating slight indecision among traders.
Support and resistance levels:
Support at $22.50 is a key support level that protects the price from falling, and breaking $21.00 could open the path for a broader decline.
Resistance at $26.50 is a key resistance level; breaking it could push the currency to higher levels, with $30 being an important barrier. Any breach could signal the start of a new upward wave.
In summary, LINK is currently moving in a relatively balanced position. A break of resistance at $26.50 would support the positive outlook and open the path towards $30, while breaking support at $22.50 could weaken the currency and lead it into a new corrective wave.
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