LINK/USDC is at a critical stage. After hitting a low at 11.82 USDC, the price is moving in an ascending wedge pattern – a sign of accumulation, but it could also just be a bounce before continuing to decline. The question is: is this preparation for a breakout, or just a step back to fall deeper?
The 16.5-17.5 USDC range above is a major barrier. If the buyers are strong enough to push the price above this area, LINK could enter a clear uptrend. But if the price reaches here and is strongly rejected, it could very well be a signal to turn back down.
What to do now?
• If the price continues to hold the 12.5-13 USDC range and shows strong bullish signals, consider buying, targeting 16.5-17.5 USDC.
• Conversely, if the price hits the upper resistance and is pushed down quickly, it could be an opportunity to sell, expecting the price to return to 12-12.5 USDC, or even lower.
This is a time when the market tests patience and decisiveness. Will you wait for a clear signal or rush in hastily?$LINK