$LINK Holding $16 – Crucial Support or Breakdown Coming?
LINK is trading at $16.06, holding just above key short-term support. The price recently pulled back from $16.47 highs and is now consolidating with decreasing momentum. Bulls must step in soon or risk losing the $16 level.
Key Levels to Watch
Resistance Zones:
• $16.20 – Short-term barrier
• $16.30 – Minor supply zone
• $16.47 – 24h high and breakout threshold
Support Zones:
• $16.00 – Immediate demand
• $15.80 – Structure support
• $15.47 – Daily low and key breakdown level
Trade Setup
Bullish Entry: On a strong bounce above $16.20 with volume confirmation
• Target 1: $16.30
• Target 2: $16.47
Bearish Entry: If price breaks and closes below $16.00
• Target 1: $15.80
• Target 2: $15.47
LINK is consolidating with narrowing candles. Watch for a decisive break from the $16.00–$16.20 range. Volume and confirmation candle will be key to direction.