Breaking Above the Resistance Level
LINK is currently within a range where a key resistance level is identified at $11.12. This level acts as a critical resistance, and breaking above it could indicate the return of buyer strength and the beginning of a new upward trend.
Potential Scenarios:
Breaking Above the $11.12 Resistance:
If the price can break above the $11.12 resistance level, this move could lead to an increase in price, reaching higher levels like $12 and $14. These levels are considered potential targets for an upward move.
Failure to Break Resistance and Price Reversal:
If the price fails to break above the $11.12 resistance, there is a possibility of a return to lower support levels like $9 and $8.49. These areas serve as key levels to support the price against further declines.
Potential Scenarios:
Breaking Above the $11.12 Resistance:
If the price can break above the $11.12 resistance level, this move could lead to an increase in price, reaching higher levels like $12 and $14. These levels are considered potential targets for an upward move.
Failure to Break Resistance and Price Reversal:
If the price fails to break above the $11.12 resistance, there is a possibility of a return to lower support levels like $9 and $8.49. These areas serve as key levels to support the price against further declines.
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