$LINK /USDT Technical Analysis: A Hot Coin Heating Up the Market!
Chainlink ($LINK ) is making waves as it currently trades at $19.33, showing signs of recovery despite a recent drop of -13.24%. The price rebounded sharply from a 24-hour low of $15.40, showcasing strong buying pressure that pushed it toward its current level. LINK has also tested a 24-hour high of $22.34, indicating substantial market interest. This rebound is a clear signal for traders to keep a close eye on this high-performing coin as it demonstrates significant volatility and momentum.
With $LINK reclaiming key levels, traders should monitor $19.50 as a critical resistance. A breakout here could push LINK toward $21.50 or higher. On the downside, $18.00 serves as the immediate support level, and a drop below could see LINK retesting $16.50. The sharp upward movement suggests potential for further gains, making it an exciting coin for short-term and swing traders looking for opportunities in a highly active market.
