LINK /USDT Breaks Key Levels : Successful Targets Reached

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Chainlink (LINK) has been trading within a **descending channel** on the 1-hour timeframe, showing steady movement. After a bounce from the lower boundary of the channel, LINK touched **support at $10.60**, signaling a potential rebound. As expected, the **RSI indicator's downtrend** broke, supporting further upward movement.

Furthermore, LINK has shown signs of stabilizing above the **100-moving average**, reinforcing bullish momentum. Traders could enter at **$10.80**, with three clear targets ahead:

- First target : $11.11 – Already reached successfully.

- Second target : $11.36 – Also achieved.

- Third target : $11.70 – Final target reached.

The trade closed after hitting all targets.

Conclusion :

The price action for LINK/USDT followed a clear technical pattern, with each target successfully reached. The breakout from the descending channel and RSI recovery confirms a positive short-term trend.

Advice :

For those monitoring LINK, keeping an eye on stabilization above key moving averages and watching for further breakouts could present new opportunities. Maintain proper risk management, as volatility may arise near the channel boundaries.