Quick summary

$LINK Current price ~24.75. 1H price action is showing an accumulation phase after a pullback (near bottom 22.88), short MA has converged/approached medium MA — neutral momentum → slightly bullish if held above the range 24.0–24.3. There is on-chain catalyst + recent macro data partner boosting sentiment (basis for medium-term increase).

Technical analysis

Current price: 24.75.

Short/medium/long MA (1H): MA7 ≈ 24.88, MA25 ≈ 24.45, MA99 ≈ 24.32 — neutral MA structure, price is testing the average range.

RSI (1H): ~47 — neutral momentum, not yet in overbought territory.

Support close: 23.70 (short range), swing low: 22.88 → Suggested SL 22.50 (set below swing low to avoid false break).

Resistance: 26.42 (short resistance tested previously), ~27.8–28.0 (previous high/strong resistance).

Market structure & volume

Volume spiked when the price rebounded, but the current phase shows declining volume compared to the strong increase — a sign that volume confirmation is needed for breakout. On-chain / market shows whale buying behavior (large withdrawals from exchanges/exchange reserves decreasing), and Chainlink has had significant information catalysts recently (collaboration to bring U.S. economic data on-chain) — this is a driving force supporting investor sentiment.

Trading strategy

Entry (scale-in): 24.00 — 24.80 (divide 2–3 times; prioritize buying when pullback to 24.0–24.3).

Stop-loss: 22.50 (set below 22.88 to avoid false break).

Take-profit: TP1 26.42 — TP2 27.80.

Order management: take partial profit at TP1 (30–50%), move SL to breakeven after taking partial; if breakout through 26.42 with clear volume, hold the remainder until TP2. If rejected at 26.4–27.8, reduce holding ratio and wait for a pullback into the range 24.0–25.0 to re-enter.

Overall assessment

Bull case: if the price holds above 24 and breaks 26.42 with increasing volume, it could head towards the range 27.8–28.0 according to momentum and whale buying. Bear case: failure to hold 24 and breaking below 22.88 → risk of testing the range 21–21.5. Main risk: profit-taking after the strong recent wave and whip-saw volatility from whale flows.