Technical analysis by CryptoSignalAPP about Symbol LINK: Buy recommendation (2/12/2025)

Chainlink (LINK/USDT) Summary Analysis• Support Zone: $16.00 - $12.64 USDT (strong demand area).• Resistance Levels: $24.12 USDT (first target) and $35.40 USDT (main target).• Channel Structure: Price is near the lower band of a descending parallel channel, indicating a potential reversal signal.Scenarios:✅ Bullish Scenario: If LINK bounces from $16.00 USDT, targets are $24.12 USDT and $35.40 USDT.❌ Bearish Scenario: A close below $16.00 USDT could trigger a drop to $12.64 USDT.Strategy:🔹 Entry: Buy within the $16.00 - $18.00 USDT range, with a stop loss below $12.64 USDT.🔹 Breakout: A breakout above $24.12 USDT presents a buying opportunity.🔹 Sell: A close below $16.00 USDT may accelerate the downtrend.If the channel breaks out, LINK has significant upside potential. 🚀Price now on support zone.