A short signal on $LINK /USDT is technically primed as the token faces severe resistance and structural headwinds.
Despite growing ecosystem fundamentals, Chainlink’s price remains locked in a medium-term downtrend. Currently testing resistance near its 50-day ($7.97) and 200-day ($8.07) moving averages, repeated rejections confirm heavy seller dominance. Furthermore, a persistent supply overhang from uncirculated tokens continues to cap upward momentum.