Wow! Things are getting spicy with Chainlink (LINK). While many other cryptocurrencies are hitting the brakes, this beauty has remained strong and rising, with a 24% gain in the last month. But, like in any good story, there is an obstacle: a price zone that has become a real wall.
The first sign that gives us hope is that the big players are not selling. On the contrary! LINK reserves on exchanges have fallen by almost 10 million since June. What does that mean? People are holding onto their LINK, not throwing it onto the market to sell. It's a pattern we've seen before: every time reserves drop, the price of LINK skyrockets. Imagine it as if investors are saying: "This treasure is not for sale; it’s being accumulated!" 💰
But the real test of fire is at $25.24. This number is not just a figure; it is the "wall" that LINK has to break down. More than 9.74 million LINK were bought right in that area, making it a brutal resistance. If LINK manages to surpass and close above this level on the daily chart, it would be as if they put a rocket under it. 🚀 The path would open up to reach $28.67 and, the most exciting part, to exceed $30.67!
In short, the future of Chainlink boils down to an epic battle: coin accumulation versus a resistance wall. If LINK's bull has the strength to break that barrier, we could see a historic rise. If not, there could be a small pullback.
So, the million-dollar question is: Will LINK have what it takes to break that glass ceiling and take its holders to the moon? 🌕 Time and investor action will tell us.
