LINK is bearish in the short term, with $12 support under pressure 📉
On the evening of October 22, LINKUSDT was trading around 12.08, down 2.37% over 24 hours, with a trading volume of $126 million. Open interest was about $97.33 million, down 4.94%, and the current funding rate was -0.0064%. The simultaneous decline in price and open interest is more consistent with deleveraging. Futures data (https://fibonomy.com/en/futures/binance/linkusdt)
Over the 24 hours up to 18:00 Beijing time, taker buys accounted for 48.75%, giving sellers a slight edge. Trading data (https://bitcoinleverage.com/link/taker-volume)
The spot 4-hour RSI is 44.4, and the daily MACD histogram is negative, supporting a short-term bearish outlook. Over the next 4–24 hours, LINK may retest 11.99; below that, watch 11.79. Resistance is at 12.41. A high-volume breakout above this level, followed by a hold, would invalidate the bearish outlook; a rebound could then target 12.79. Technical data (https://en.coinotag.com/cryptocurrencies/spot/LINK/technical-analysis)
#LINK #Chainlink #加密货币 #MarketAnalysis
On the evening of October 22, LINKUSDT was trading around 12.08, down 2.37% over 24 hours, with a trading volume of $126 million. Open interest was about $97.33 million, down 4.94%, and the current funding rate was -0.0064%. The simultaneous decline in price and open interest is more consistent with deleveraging. Futures data (https://fibonomy.com/en/futures/binance/linkusdt)
Over the 24 hours up to 18:00 Beijing time, taker buys accounted for 48.75%, giving sellers a slight edge. Trading data (https://bitcoinleverage.com/link/taker-volume)
The spot 4-hour RSI is 44.4, and the daily MACD histogram is negative, supporting a short-term bearish outlook. Over the next 4–24 hours, LINK may retest 11.99; below that, watch 11.79. Resistance is at 12.41. A high-volume breakout above this level, followed by a hold, would invalidate the bearish outlook; a rebound could then target 12.79. Technical data (https://en.coinotag.com/cryptocurrencies/spot/LINK/technical-analysis)
#LINK #Chainlink #加密货币 #MarketAnalysis