LINK bulls are gaining strength, the critical moment has arrived!

LINK has recently started to strengthen and is currently approaching the critical resistance level of 16 dollars. Bears are unlikely to give in easily, and short-term speculation is intense.

If 16 dollars is suppressed, a pullback to the 20-day moving average around 13.65 dollars is a possible support point. However, as long as the bulls can hold this level and push the price to rebound strongly, LINK is expected to break through the upper bound of the channel, signaling a trend reversal!

However, if the bears successfully counterattack and push the price back below the moving average, LINK may further decline and test the support level around 11.8 dollars.

Key points:

Strong breakout above 16 dollars → Expected to reverse the upward trend

Fall back below the moving average → May test the 11.8 dollars support level