- LINK trades below the main trendline yet holds near $13.12 as traders study the next upward path.
- LINK needs a break above the long trendline to open a path toward $16 and later the $20 zone.
- LINK intraday action stays slow yet traders wait for a clean move above $13.50 to guide entries.
LINK traded near $13.12 on November 28, as the chart showed the token pressing against a lower high trendline that controlled price action for months. The structure remained weak yet the formation showed space for a possible move toward $16 or even $20 if the market produced enough strength. Traders tracked the $13.50 zone as a key trigger for short-term direction and looked for a clear break to confirm a new trend.
Daily Structure Shows Pressure on the Lower High Trendline
The daily candle for LINK turned soft again. LINKBTC also declined. Yet the pair moved near the lower high trendline. This trendline has guided the price since early autumn, as repeated retests blocked each rally. A break above this point could shift the market tone. It could help LINK build a new bullish structure from its current zone.
The chart showed $16.00 as the next major WZRD resistance. This level capped several earlier moves. Below the current price, the $12.50 line acted as the main support. The market respected this zone in recent sessions. The token held above it through several tests in November.
Daily volatility stayed moderate. Yet the broader structure kept traders alert. A single question shaped their focus: can LINK force a clean break above the trendline before momentum fades again?
Intraday Action Remains Slow but Key Levels Hold Firm
Intraday movement stayed slow through the session. The chart offered limited impulses. Traders marked $13.50 as an important intraday resistance. A move above this line could signal bullish intent. It could also open a path toward $14.00 and then the $16.00 level.
Holding below $13.50 would keep the structure bearish. The chart displayed $11.80 as the next major support. This area played an important role earlier this month. Breaks toward this region often brought sharp reactions. Traders watched this area carefully as the weekend approached.
The chart also revealed a series of equal lows that showed a stable base near the $12 area. This pattern offered additional support for traders seeking long setups. The downside remained limited as long as the price held above this base.
Broader Outlook Tracks $16 and $20 as Main Resistance Areas
Data from the chart showed a long decline that started near $20 in September. The downtrend formed a clean diagonal line. This line met the current price near the $13 zone. A break above this diagonal could allow LINK to move toward $16. Later progression toward $20 would require strong market support.
The chart also showed historic resistance near $30.00 from earlier in the year. This point sat far from the current price. Yet it remained an important marker for long-term traders. Intermediate levels at $16 and $20 would need to break first.
Support levels at $12.50, $10.00, $9.50, $7.30, $6.00, and $5.00 also appeared on the chart. These lines showed clear zones from previous cycles. Traders used them to plan entries and exits with high accuracy. The market offered no strong catalyst yet. Yet the chart structure showed potential for a shift if the trendline finally breaks.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed