LINK Technical Analysis: LINK/USD Pair Target $8.2 Next
Table of contents
Key technical points:
Past Performance of LINK
LINK price action reveals that the market is uptrend as it is making higher highs and higher lows. The current resistance for LINK is at $7.4, while the support lies at $5.9. The most recent candlestick pattern is a bullish engulfing candle, which suggests that LINK's price could continue to move higher in the short term.
Source- Tradingview
LINK Technical Analysis
The MACD and RSI are both bullish, indicating that the bulls' momentum is in favor. Investors looking to enter the market can do so with a stop loss below $5.9 and look for targets of $7.4 and above. Investors should keep an eye on the $7.4 level, as a breakout above this resistance could signal further upside for LINK.
The LINK market is expected to continue its uptrend in the near term as technical indicators are bullish. However, investors should be cautious as the market approaches a major resistance level at $7.4. A breakout above this level could signal further upside for LINK, while a failure to break out could lead to a retracement in price.
Upcoming Trend
If the LINK market can break out above the $7.4 resistance level, it could signal further upside as the market may enter a new uptrend. The next target for bulls would be $8.2, the next major resistance level.