Technical Analysis $LINK /USDT: Hot coin heats up the market!
Chainlink ($LINK ) is making waves as it is currently trading at $19.33, showing signs of recovery despite a recent drop of -13.24%. The price sharply bounced off the 24-hour low of $15.40, demonstrating strong buying pressure that pushed it to the current level. LINK also tested the 24-hour high of $22.34, indicating significant market interest. This bounce is a clear signal for traders to keep a close eye on this high-performing coin, as it shows considerable volatility and momentum.
With $LINK recovering key levels, traders should watch for $19.50 as critical resistance. A breakout here could push LINK to $21.50 or higher. On the other hand, $18.00 serves as an immediate support level, and a drop below could lead to a retest of LINK at $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.