๐ $LINK /USDT โ Grinding Upward, But Is It Enough? ๐ช๐
$LINK climbs +3.11% to $16.91, trading just under recent resistance. Volume picking up, and RSI heating up near neutral levels. Is this the start of a stronger leg up?
๐ Market Overview
๐ Current Price: $16.91
๐ 24h High: $17.16
โ๏ธ 24h Low: $16.21
๐ธ 24h Volume (LINK): 4.83M
๐ฐ 24h Volume (USDT): $80.49M
๐ Key Indicators
๐ Moving Averages:
MA(7): 16.87
MA(25): 16.67
MA(99): 15.97
๐ RSI (6): 58.03 โ๏ธ (Neutral zone with bullish tilt)
๐ Volume: 4,997.85K
๐ MA(5) Vol: 198.56K | MA(10) Vol: 169.41K
๐ LINK Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (Trend Continuation):
Entry: Above $17.20
Targets: $17.75, $18.40
Stop-Loss: $16.40
๐น Bearish Scenario (Rejection at Resistance):
Entry: Below $16.20
Targets: $15.50, $14.90
Stop-Loss: $17.00
๐ Analysis:
๐งฑ Hovering around the 7 & 25 MA โ showing signs of consolidation
๐ If LINK flips $17.20 into support, momentum likely accelerates
๐ A breakdown below $16.20 could invalidate the short-term bullish structure
๐ก Pro Tip:
๐ง Volume still modest compared to prior surges โ confirmation via breakout + volume spike is key
๐ RSI nearing 60 โ a breakout could push it into overbought for a momentum drive
๐ Is LINK prepping for a breakout, or is this just sideways chop in disguise? Stay alert!
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