LINKUSDT has been trading within a tightening range, hinting at an impending breakout. Support at $23.51 and $23.48 provides a strong base for potential bullish reversals, while resistance at $26.54 remains a critical hurdle for sustained upward momentum.The MACD histogram's consistent positive readings indicate strengthening bullish momentum, while RSI levels near the 60s suggest room for further growth before hitting overbought territory. This setup positions Chainlink for a potential rally, provided market sentiment remains optimistic.
Long positions around the $23.92 support zone could capitalize on a rebound toward $26.54, with stops just below $23.48. Conversely, short trades might target bearish reversals near resistance, exiting near the $23.92 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.