Bullish Breakout: LINK has achieved a robust breakout above an ascending resistance trendline.
Psychological Milestone: Surpassing the $12 mark, LINK sets its sights on a potential rally to $15.
Retest Warning: Despite the uptrend, higher price rejections hint at a possible retest phase.
Market Sentiment: Bitcoin's stagnation near $35K and the inconclusive SEC vs. Ripple case slightly dampens altcoin momentum.
Whale Activity: A whale's accumulation of over 312,901 LINK tokens signals strong interest and potential market impact.
Technical Indicators - EMA: A widening gap between the 50-day and 200-day EMA supports the bullish trend.
Technical Indicators - MACD: The MACD maintains a bullish trajectory, avoiding a bearish crossover.
Upside Potential: LINK's strong performance and whale interest could drive prices to $15 and beyond.
Downside Risk: A reversal below $12 could trigger a retest of the $10 support level.
Psychological Milestone: Surpassing the $12 mark, LINK sets its sights on a potential rally to $15.
Retest Warning: Despite the uptrend, higher price rejections hint at a possible retest phase.
Market Sentiment: Bitcoin's stagnation near $35K and the inconclusive SEC vs. Ripple case slightly dampens altcoin momentum.
Whale Activity: A whale's accumulation of over 312,901 LINK tokens signals strong interest and potential market impact.
Technical Indicators - EMA: A widening gap between the 50-day and 200-day EMA supports the bullish trend.
Technical Indicators - MACD: The MACD maintains a bullish trajectory, avoiding a bearish crossover.
Upside Potential: LINK's strong performance and whale interest could drive prices to $15 and beyond.
Downside Risk: A reversal below $12 could trigger a retest of the $10 support level.
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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.
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.