A good prospect is emerging in the LINK market. After updating the local high on January 23, buyers failed to keep the range of $22.3-23.2. What is interesting about this range? It is in this liquid zone that sellers were able to stop the growth of the LINKUSDT price on January 16 and organize a correction with a target of $17.12. Therefore, keeping buyers in this range will prove their strength and ambition to continue to grow LINK with the first short-term target of $28-29.
At the moment, sellers are unable to control the critical range of $22.3-23.2. In addition, on January 27, the Chainlink market showed strength, not reacting strongly to the fall in If the price of bitcoin approached the previous local low, LINK buyers did not allow such a luxury.
Given the high probability of completion of the correction and continued growth to $38000 -40000, LINK market growth is very likely.
An alternative scenario will take effect after fixing the price below $22.3-23.2. In this case, we will expect to retest the range of $17-18
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