$LINK /USDT – 15m Chart Read
LINK pushed higher after buyers firmly defended the 12.10–12.15 zone, a level that absorbed sell pressure and flipped short-term structure. That defense triggered a sharp impulse, showing clear momentum expansion into the highs.
Price is now consolidating around 12.28–12.33, holding above reclaimed averages and refusing to give back much ground. This sideways grind looks constructive, suggesting balance after strength rather than aggressive distribution. Sellers are present, but they’re not in control.
On the upside, resistance sits near 12.40–12.43, followed by a higher supply pocket around 12.55. Acceptance above the first band would favor continuation and keep pressure on late shorts.
Bias remains mildly bullish on the 15m timeframe. Higher lows are intact, and the tape still favors upside continuation as long as structure holds.
Caution: A sustained break back below 12.20 would weaken the setup, signal momentum loss, and risk a deeper rotation into the prior range. Until then, buyers remain in control and the structure leans constructive.
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