$LINK /USDT is currently trading at $24.37, navigating key support and resistance levels that traders use to assess potential price movements. Support levels act as price floors where buying pressure can prevent further declines. The immediate support for LINK is around $24.00, with a stronger support near $23.50, which historically has provided stability during price corrections.
On the upside, resistance levels represent areas where selling pressure may slow or reverse upward momentum. LINK faces its first resistance at approximately $24.75, with a more significant resistance near $25.20–$25.50, where past rallies encountered substantial selling activity.
Monitoring these support and resistance zones is crucial for traders and investors to identify potential entry and exit points, manage risk, and anticipate trend reversals. Understanding LINK’s price dynamics within these key levels provides actionable insight in the volatile cryptocurrency market.
