🚨 $LINK THE BREAKOUT PRESSURE IS RISING 🚨
Entry: 8.94 🔥
Target: 10.87 🚀
$LINK has been consolidating after hitting a recent high at 10.87, while the price corrects and finds support in the 8.80–8.90 zone. Sellers have kept the pressure on in the short term, but the market continues to respect the overall recovery structure.
Currently, the price is compressed under the resistance at 9.23, a level that coincides with a key area where short-term moving averages are concentrated. A solid daily close above that area could attract new buying momentum and enable a move towards 9.82, with potential extension up to 10.87.
The MACD is still in bearish territory, so confirmation through volume will be crucial before considering a valid breakout. As long as LINK holds the 8.80 support, the bullish scenario remains intact.
📈 Key levels:
Support: 8.80 – 8.90
Resistance: 9.23
Target 1: 9.82
Target 2: 10.87
⚠️ Not financial advice. Manage your risk
#LINK #Chainlink #Crypto #Altcoins #BinanceSquare #Trading #Breakout #CryptoTrading #Bullish #DeFi
Entry: 8.94 🔥
Target: 10.87 🚀
$LINK has been consolidating after hitting a recent high at 10.87, while the price corrects and finds support in the 8.80–8.90 zone. Sellers have kept the pressure on in the short term, but the market continues to respect the overall recovery structure.
Currently, the price is compressed under the resistance at 9.23, a level that coincides with a key area where short-term moving averages are concentrated. A solid daily close above that area could attract new buying momentum and enable a move towards 9.82, with potential extension up to 10.87.
The MACD is still in bearish territory, so confirmation through volume will be crucial before considering a valid breakout. As long as LINK holds the 8.80 support, the bullish scenario remains intact.
📈 Key levels:
Support: 8.80 – 8.90
Resistance: 9.23
Target 1: 9.82
Target 2: 10.87
⚠️ Not financial advice. Manage your risk
#LINK #Chainlink #Crypto #Altcoins #BinanceSquare #Trading #Breakout #CryptoTrading #Bullish #DeFi