LINKUSDT 12H1. Trend Structure
The price is in a descending channel (marked in orange) – the upper line acts as resistance, the lower line as support.
Currently, the price has rebounded from the lower boundary and is approaching the middle resistance levels.
2. Key Levels
Support:
21.73 USDT (the closest local support – already broken upwards, now being retested).
20.17 USDT (stronger support that previously halted the decline).
18.10 USDT (bottom of the channel – the main defense for the bulls).
Resistance:
23.22 USDT (local resistance, the price is very close to this level).
24.14 USDT (important horizontal resistance).
25.54 USDT (key level, a breakout of which could negate the descending channel).
3. Indicators (Stoch RSI)
The Stoch RSI is in the overbought zone (>80).
This suggests that upward momentum is slowly fading and a correction or consolidation near resistance levels (23–24 USDT) is possible.
4. Scenarios
Bullish:
If the price breaks and holds above 23.22 USDT, the next target will be 24.14 USDT, followed by 25.54 USDT (the upper boundary of the channel).
A break above 25.54 USDT could signal the end of the downward channel and a transition to a sideways/upward trend.
Bearish:
If the price rejects the 23.22 level and the Stoch RSI begins to decline, we could return to 21.73 USDT.
Losing this level will reopen the road towards 20.17 USDT and even test the lower limit of the channel (around 18-19 USDT).
