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Chainlink Price Action Signals A potential Retest Of $24 After Stable Consolidation.
The post Chainlink Price Action Signals A potential Retest Of $24 After Stable Consolidation. appeared on BitcoinEthereumNews.com. Chainlink (LINK) is showing steady movement, trading at $23.67 with a modest 1.23% gain over the last 24 hours. The token’s price has fluctuated within the $23.0 to $23.9 range, signaling short-term volatility and active participation from traders. Despite brief dips, LINK recovered toward the higher end of its intraday range, highlighting moderate buying interest that helped stabilize momentum. With daily trading volume reaching $656.9 million, liquidity remains strong, underscoring sustained investor engagement. The spike in activity around the $23.8 mark reflected responsive market behavior, though slight profit-taking kept the token consolidating near $23.6–$23.7. Backed by a $16.04 billion market cap, the asset continues to rank among the leading digital assets, attracting attention as it approaches critical resistance levels. Defined Strategy Suggests Upside Levels Analyst XEVK has shared a structured long trade setup for Chainlink, identifying an entry range between $23.71 and $23.38. The setup includes a stop-loss at $22.72, aimed at managing downside risk while keeping profit targets at $24.70 and $26.34. The positioning indicates a clear framework for traders, balancing both protective levels and upward targets. LINKUSD Chart | Source:x According to the setup, the $23.38–$23.71 zone forms an important accumulation range where buyers are expected to defend support. A move toward $24.70 would confirm near-term bullish continuation, while a push above $26.34 could extend the momentum further. Rising volume levels near the support zone provide additional structure for the outlined plan, suggesting a possible recovery phase. Technical Structure and Risk Management Additionally, the trade setup reflects the necessity of managing risk within a volatile market. Hence, a breakdown below $22.72 would invalidate the bullish thesis and expose it to deeper retracements. For now, the consolidation between immediate support and resistance provides a structured area where traders may position for potential upside continuation. The current approach combines defined…
The post Chainlink Price Action Signals A potential Retest Of $24 After Stable Consolidation. appeared on BitcoinEthereumNews.com.
Chainlink (LINK) is showing steady movement, trading at $23.67 with a modest 1.23% gain over the last 24 hours. The token’s price has fluctuated within the $23.0 to $23.9 range, signaling short-term volatility and active participation from traders. Despite brief dips, LINK recovered toward the higher end of its intraday range, highlighting moderate buying interest that helped stabilize momentum. With daily trading volume reaching $656.9 million, liquidity remains strong, underscoring sustained investor engagement. The spike in activity around the $23.8 mark reflected responsive market behavior, though slight profit-taking kept the token consolidating near $23.6–$23.7. Backed by a $16.04 billion market cap, the asset continues to rank among the leading digital assets, attracting attention as it approaches critical resistance levels. Defined Strategy Suggests Upside Levels Analyst XEVK has shared a structured long trade setup for Chainlink, identifying an entry range between $23.71 and $23.38. The setup includes a stop-loss at $22.72, aimed at managing downside risk while keeping profit targets at $24.70 and $26.34. The positioning indicates a clear framework for traders, balancing both protective levels and upward targets. LINKUSD Chart | Source:x According to the setup, the $23.38–$23.71 zone forms an important accumulation range where buyers are expected to defend support. A move toward $24.70 would confirm near-term bullish continuation, while a push above $26.34 could extend the momentum further. Rising volume levels near the support zone provide additional structure for the outlined plan, suggesting a possible recovery phase. Technical Structure and Risk Management Additionally, the trade setup reflects the necessity of managing risk within a volatile market. Hence, a breakdown below $22.72 would invalidate the bullish thesis and expose it to deeper retracements. For now, the consolidation between immediate support and resistance provides a structured area where traders may position for potential upside continuation. The current approach combines defined…
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