Will LINKUSDT Hold Key Support? Potential Breakout in the Works!Yello! Could LINKUSDT be setting up for a powerful move? Recently, #LINKUSDT faced rejection at a minor resistance level, momentarily stalling its upward momentum.
💎#LINKUSDT has recently encountered rejection at a minor resistance level, which has stalled its upward movement temporarily. However, the price is currently testing a probable support zone $12.99, showing signs of potential momentum restoration. If the price manages to hold steady at this support level and begins an upward trajectory, the likelihood of a bullish continuation increases significantly.
💎In the current setup, a break above the minor resistance level would confirm the bullish momentum. A successful break above this resistance would likely target higher levels, with the next key resistance lying further up the chart.
💎The key factor for this bullish scenario to play out is the price maintaining its support at the current level and continuing to gather strength for the move upward. As long as the price holds the support and starts moving upwards, the overall market structure remains favorable for a potential bullish breakout.
💎If the price of #linkchain fails to hold at the current support zone $12.99, we would then look for a potential bullish rebound from a lower demand area around $10. 26$.This would provide another opportunity for the bulls to step in. However, should the price break below this demand and continue downward, it could lead to a bullish invalidation, signaling a potential reversal or more bearish price action in the market.
Stay sharp, stay strategic, and always keep the bigger picture in mind.
MyCryptoParadise
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