Technical analysis by milad-bit24 about Symbol LINK on 10/27/2025

LINK/USDT is in a recovery and consolidation phase after a sharp decline, currently testing the upper boundary of its range with increasing bullish pressure. Following a significant drop around October 9th-11th, the price has been in a horizontal channel, showing higher lows since the $14.75 low. It is now challenging the major ceiling around $19.08, signaling buyer control. Support Levels: - Immediate Support: $18.194 - Must hold to maintain momentum; break risks testing $16.711. - Major Support: $16.711 - Strong consolidation floor; critical to defend to avoid deeper retracement. Resistance Levels: - Primary Resistance: $19.083 - Break and close above needed to exit consolidation. - Major Target 1: $20.139 - First hurdle after breaking $19.083. - Major Target 2: $21.149 - Final resistance before price drop. Bullish Scenario: A breakout above $19.083 would confirm a new trend with targets at $20.139 and $21.149. Neutral/Bearish Scenario: Failure to break $19.083 may lead to a return to the $18.194 support, with a drop below $16.711 indicating strong weakness.