technical analysis and trade signal for $LINK /USDT, including three target levels and trade momentum:
Current Price: $25.85 (+4.11%)
24h High: $27.41
24h Low: $24.44
Resistance Level: $27.41 (previous high)
Support Level: $24.44 (previous low)
Key Indicators:
RSI (Relative Strength Index): The RSI is likely in a neutral range, around 50, indicating that the market is balanced between buyers and sellers.
MACD (Moving Average Convergence Divergence): Positive momentum if the MACD line is above the signal line.
Volume: 8.69M LINK traded, indicating moderate market activity.
Trade Signals:
Buy Signal:
If LINK breaks above $27.41 (24h high), expect a bullish continuation with a potential rally towards the target levels below.
Sell Signal:
If LINK falls below $24.44 (24h low), consider shorting or exiting positions as the price could retest lower levels.
Target Levels 🎯:
1. Target 1 - $28.50: A break above $27.41 could drive the price towards $28.50, a key resistance zone. A solid close above this level may further push the price upwards.
2. Target 2 - $30.00: If bullish momentum continues, the next major target lies at $30, a psychological resistance level. Watch for confirmation through high volume.
3. Target 3 - $32.00: A strong uptrend could push LINK towards $32. This level could be reached if the broader market remains bullish and LINK continues its momentum.
Trade Momentum:
Bullish Momentum: If LINK maintains its bullish trend above $25.85, the market may continue towards the target levels.
Bearish Momentum: A drop below $24.44 indicates weakness, and the price could test the $22.50–$23.00 range. #BURNGMT #CardanoFoundationHack
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.