$LINK is currently showing signs of stability after a clean rebound from the $16 support area — part of a broader sideways range that mirrors Bitcoin and Ethereum’s structure. The market continues to trade within a horizontal channel between $16 and $19, reflecting the ongoing accumulation phase and cautious sentiment among traders.
Short-term structure remains bullish, but risk management is crucial. Due to heightened volatility and potential market manipulation, sharp wicks in either direction are possible — meaning entries should be precise, with clearly defined stop levels.
If the weekly candle closes with sustained buying pressure, continuation toward the $18 resistance zone becomes likely. This level aligns with the Ichimoku Cloud, suggesting a potential reaction area where partial profit-taking and moving stops to breakeven would be prudent.
In summary:
✅ Market structure: Accumulation range ($16–$19)
🔼 Bias: Bullish continuation if weekly close confirms buyer strength
⚠️ Key resistance: $18 (Ichimoku Cloud)
🎯 Strategy: Partial exit near $18, move stop to breakeven
