Breaking Above the Resistance Level

LINK is near the $11.12 resistance, a key level for potential upward trends. Breaking this resistance could target $12 and $14, while failure might lead to a pullback to $9 or $8.49.

8/13/20241 min read

LINK chart showing resistance at $11.12 with potential upward targets at $12 and $14. Support levels
LINK chart showing resistance at $11.12 with potential upward targets at $12 and $14. Support levels

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.

Update idea