Quick summary:
$LINK is hovering around $22.8–23, a zone where whales have accumulated ~1.25M LINK, forming a key support base at $21–22.5. Strong fundamentals—government partnerships, AI integrations—are converging to support a technical breakout toward $28–31.
Technical
- Current price: ~ $22.8
- Support: $21–22.5 (whale accumulation, Fibonacci 0.618)
- Resistance: $23.18 (triangle) → breakout target $28–30; further extension to $31–32 or even $40 with strong momentum
- RSI ~61–65 ⇒ moderate bullish momentum; MACD positive but needing confirmation.
Market structure
Whales accumulating, reducing sell pressure. Partnerships with PublicAI, ICE, US government enhance fundamental utility. Exchange net outflows suggest supply squeeze.
Trading plan
- Entry (scale-in): $22.5 – $23 (2 steps)
- Stop-loss: $21
- Take-profit: TP1 $28 – TP2 $31 (Plan B: extend to $40 if breakout is strong)
Management:
Take 30–50% at TP1, move SL to entry after crossing $23. If RSI >70 and volume drops, reduce exposure due to potential pullback.
Overall view:
- Bull: hold $23 and break higher toward $28–31 or beyond.
- Bear: fail at $23 → drop below $21 → retest $19–20.
Key risks: broader market flip, false breakout, RSI divergence.
