$LINK LINK price trend recap
After the previous surge to 12.62, bullish momentum quickly weakened and the price pulled back into a sideways range-bound consolidation.
Previously, the upper Bollinger Band acted as a strong resistance level. Once price touched it, clear selling pressure appeared. During the pullback, the lower Bollinger Band around 11.31 was tested multiple times and repeatedly held the price, becoming the bottom of the short-term box range.
The MACD has gradually declined from its high point toward the zero axis, and the market has shifted into a balance between bulls and bears—no longer a one-way uptrend.
Key resistance is at 11.64 above, and key support is at 11.31 below.
The failure to hold the higher level after the push up indicates that resistance overhead is heavy; however, the downside support was tested repeatedly without being broken, confirming the range-trading pattern.
If the price later breaks upward through 11.64, it will have a chance to challenge the previous high again. If it breaks below 11.31, the box range will become invalid and the price may seek further lows to the downside.
After the previous surge to 12.62, bullish momentum quickly weakened and the price pulled back into a sideways range-bound consolidation.
Previously, the upper Bollinger Band acted as a strong resistance level. Once price touched it, clear selling pressure appeared. During the pullback, the lower Bollinger Band around 11.31 was tested multiple times and repeatedly held the price, becoming the bottom of the short-term box range.
The MACD has gradually declined from its high point toward the zero axis, and the market has shifted into a balance between bulls and bears—no longer a one-way uptrend.
Key resistance is at 11.64 above, and key support is at 11.31 below.
The failure to hold the higher level after the push up indicates that resistance overhead is heavy; however, the downside support was tested repeatedly without being broken, confirming the range-trading pattern.
If the price later breaks upward through 11.64, it will have a chance to challenge the previous high again. If it breaks below 11.31, the box range will become invalid and the price may seek further lows to the downside.
