📊 LINK continues to trade sideways; $11 is the key threshold
Snapshot at 07:50 Beijing time, Nov. 8: LINKUSDT was around 10.82, down 0.3% in 24 hours. OI was about $85.4 million, up 2%, and the funding rate was +0.01% per period. The increase in open interest has not pushed prices higher, and breakout momentum remains insufficient. Data (https://seandra.ai/perp/link)
Over the same period, 24-hour contract trading volume was about $63.36 million. Synchronized data for taker buy/sell volume, RSI, and MACD is unavailable, so these indicators are not being used to confirm direction for now. Trading volume (https://kodexius.com/data/crypto-derivatives/LINK)
The clear outlook for the next 4–24 hours is sideways trading, likely fluctuating repeatedly around 10.74–11.00. 10.74 is a support level to watch; a break below it would put 10.60 in view. 11.00 is resistance; a high-volume hold above it would put 11.20 in view. A decisive break beyond either boundary would invalidate the sideways outlook.
#LINK #LINKUSDT #Chainlink #MarketAnalysis
Snapshot at 07:50 Beijing time, Nov. 8: LINKUSDT was around 10.82, down 0.3% in 24 hours. OI was about $85.4 million, up 2%, and the funding rate was +0.01% per period. The increase in open interest has not pushed prices higher, and breakout momentum remains insufficient. Data (https://seandra.ai/perp/link)
Over the same period, 24-hour contract trading volume was about $63.36 million. Synchronized data for taker buy/sell volume, RSI, and MACD is unavailable, so these indicators are not being used to confirm direction for now. Trading volume (https://kodexius.com/data/crypto-derivatives/LINK)
The clear outlook for the next 4–24 hours is sideways trading, likely fluctuating repeatedly around 10.74–11.00. 10.74 is a support level to watch; a break below it would put 10.60 in view. 11.00 is resistance; a high-volume hold above it would put 11.20 in view. A decisive break beyond either boundary would invalidate the sideways outlook.
#LINK #LINKUSDT #Chainlink #MarketAnalysis