LINK traders looking to enter the market can target this range

📆 2023/05/30 14:35:00
📰 CryptoAmb

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Chainlink [LINK] is keen on reversing recent losses, however, the rally may ease at $6.8 unless BTC firmly reclaims $28k.

However, LINK fronted a short-term trend reversal, crossing $6.6 at press time. The recovery followedSource: LINK/USDT on TradingView

The high range also aligned with the late March/April support level. As such, bulls were not only facing a range-high hurdle but a key support-cum-resistance level. Furthermore, a negative price reaction at this level could drag LINK to lower support levels.

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