Chainlink (LINK) Shows Signs of an Impending Breakout, Key Levels Analyzed in 24 Hours!
Chainlink (LINK) is currently priced at $23.46, with a daily increase of 0.90%. The highest price reached in the last 24 hours was $24.19, while the lowest was $22.85. Short-term upward momentum is beginning to show, but whether it can continue to break through resistance remains to be seen by the market!
Technical Analysis—Where is the breakout point?
1. Moving Average Signals:
• MA(7) crosses above MA(25), indicating a clear short-term bullish trend! However, MA(99) is still far away, and long-term rebound momentum has not been fully confirmed; we are currently in a key observation period.
2. RSI Indicator:
• RSI(6) is currently at 59.70, approaching the overbought zone, but there is still room for upward movement. If it breaks through 60, it may trigger a rapid surge.
3. MACD Divergence:
• DIF and DEA are close to a golden cross, indicating that short-term bullish power in the market is gradually gaining an advantage. If accompanied by increased trading volume, the probability of further rebounds significantly increases.
Key Operation Points: How to Get In?
• Support Levels: $22.00, $20.50
• Resistance Levels: $25.00, $27.50
1. Short-term Strategy: Currently set long positions in the $23.00-$23.50 range, with a target of $25.00 and a stop loss at $22.00.
2. Breakout Buying: Once the price breaks through $25.00, consider adding positions in batches up to $27.50 to lock in profits.
🔥 Do you think LINK can quickly break through $25.00 and experience a significant rise? Or is the market's bullish confidence insufficient? Share your thoughts in the comments! Like + interact, selected opinions will be featured in the next article!
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