$LINK Price Analysis
LINK rebounded steadily from the 20-day moving average ($23.96) on January 23, which shows that the bulls are very fast and entered the market to buy the bottom as soon as they had the chance, which is quite active!
The 20-day moving average is on an upward trend, and the RSI is running in the positive zone, which are strong bullish signals. At present, the direction of least resistance is obviously upward! If buyers can break through the resistance level of $27.37, the target will be $30.94! Bull brothers, this is your charge!
Of course, there is always another side to the market. If the LINK price suddenly turns and falls below the moving average, this optimistic expectation will have to be shelved in the short term. At that time, the price may fall back to the $23.3 support level, or even further bottom out to the key support of $20.
