The price of $LINK has recently surged to $25.24, marking a 4.08% increase, as significant whale activity drives the asset’s upward momentum. This rally follows a recovery from a 24-hour low of $22.19, with a peak reaching $25.26. The surge is accompanied by substantial trading volumes of 215.89M USDT, indicating robust market participation. As a leading infrastructure token, LINK is gaining notable traction, suggesting potential for further price appreciation.
Key Levels to Watch:
Resistance: $25.50 – A breakout above this level could propel $LINK toward $26.50 and $28.00.
Support: $24.50 – Maintaining support at this level is crucial to sustaining the bullish sentiment.
Trade Setup:
Long Entry: Around $25.20, with target prices of $25.50, $26.50, and $28.00.
Short Entry: Below $24.50, with targets at $23.50 and $22.50.
Stop-loss: Set at $24.30 to limit potential downside risk.
Given the ongoing whale activity, $LINK is poised to extend its rally. Traders are advised to remain vigilant and position themselves accordingly to capitalize on this bullish momentum.
