**Chainlink (LINK) & Avalanche (AVAX) Price Analysis** ๐
### **Chainlink (LINK) Update** ๐
**Current Price:** $17.03 (Facing Resistance)
๐ **Bullish Signs:**
- **Upsloping 20-day EMA** ($15.43) suggests upward momentum.
- **RSI near overbought zone** indicates strong buying interest.
- Bulls holding ground despite selling pressure.
๐ฏ **Key Levels:**
- **Break above resistance** could trigger a rally toward **$21.30**.
- **Support at 50-day SMA** ($13.96) โ if broken, may signal a return to a **descending channel**.
๐ด **Bearish Scenario:**
- If price drops **below neckline**, bears may push toward **$13.96 (50-day SMA)**.
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### **Avalanche (AVAX) Update** โ๏ธ
**Current Price:** $25.26 (Bouncing from Support)
๐ **Bullish Signs:**
- Successful **rebound from $23.50**, now acting as support.
- Next resistance at **$28.78**, likely to be broken.
- Potential rally toward **$31.73** and even **$36** if momentum continues.
๐ก๏ธ **Key Support:**
- **20-day EMA ($22.63)** โ Critical level for bulls to hold.
๐ด **Bearish Scenario:**
- If price falls **below 20-day EMA**, bears could regain control.
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**Conclusion:**
- **LINK** โ Eyes on resistance breakout for a bullish run ๐.
- **AVAX** โ Strong support hold suggests further upside potential โฌ๏ธ.
Stay tuned for updates! ๐ฅ๐
