LINK/USDT is in a recovery and consolidation phase after a sharp decline, currently testing the upper boundary of its range with increasing bullish pressure. Following a significant drop around October 9th-11th, the price has been in a horizontal channel, showing higher lows since the $14.75 low. It is now challenging the major ceiling around $19.08, signaling buyer control.
Support Levels:
- Immediate Support: $18.194 - Must hold to maintain momentum; break risks testing $16.711.
- Major Support: $16.711 - Strong consolidation floor; critical to defend to avoid deeper retracement.
Resistance Levels:
- Primary Resistance: $19.083 - Break and close above needed to exit consolidation.
- Major Target 1: $20.139 - First hurdle after breaking $19.083.
- Major Target 2: $21.149 - Final resistance before price drop.
Bullish Scenario: A breakout above $19.083 would confirm a new trend with targets at $20.139 and $21.149.
Neutral/Bearish Scenario: Failure to break $19.083 may lead to a return to the $18.194 support, with a drop below $16.711 indicating strong weakness.
Support Levels:
- Immediate Support: $18.194 - Must hold to maintain momentum; break risks testing $16.711.
- Major Support: $16.711 - Strong consolidation floor; critical to defend to avoid deeper retracement.
Resistance Levels:
- Primary Resistance: $19.083 - Break and close above needed to exit consolidation.
- Major Target 1: $20.139 - First hurdle after breaking $19.083.
- Major Target 2: $21.149 - Final resistance before price drop.
Bullish Scenario: A breakout above $19.083 would confirm a new trend with targets at $20.139 and $21.149.
Neutral/Bearish Scenario: Failure to break $19.083 may lead to a return to the $18.194 support, with a drop below $16.711 indicating strong weakness.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.