#LINK fell 7.3% over the past 24 hours, open interest dropped 11.6%, and the funding rate also retreated to near zero, signaling a clear weakening in short-term market sentiment.
📉 Key price levels
Resistance above: $10.87, $11.80.
Short-term rebound: A break above $10.27 could trigger a rebound to above $11.80.
Support below: $10.61. A weekly close below $10.87 would put $7.88, or even $7, in focus next.
Overall: LINK remains capped by the 4-hour descending trendline, with lows continuing to move lower. The short-term outlook remains bearish.
📉 Key price levels
Resistance above: $10.87, $11.80.
Short-term rebound: A break above $10.27 could trigger a rebound to above $11.80.
Support below: $10.61. A weekly close below $10.87 would put $7.88, or even $7, in focus next.
Overall: LINK remains capped by the 4-hour descending trendline, with lows continuing to move lower. The short-term outlook remains bearish.
