📉 LINK rebound faces resistance; bearish over the next 24 hours
As of November 9, 21:17 (Beijing time), LINKUSDT was at 10.562, down 1.88% over 24 hours, with $134 million in contract trading volume and net aggressive selling of $5.26 million. Buying has recovered over the past 4 hours, but selling pressure has remained dominant throughout the day. Market data source (https://finderside.com/symbols/LINKUSDT/)
The 21:00 open interest snapshot showed OI at around $81.7 million, down 3% over 24 hours, and a funding rate of +0.0047%. The price and volume action looks more like a recovery following deleveraging. Open interest source (https://seandra.ai/perp/link)
The 1-hour RSI has recovered to 53.34, but the 4-hour MACD remains below the zero line and below its signal line. I expect the rebound to meet resistance over the next 4–24 hours, followed by a retest of support at 10.46 and 10.08; a break below those levels would put 9.75 in view. If price breaks above resistance at 10.79 on strong volume and holds, the bearish outlook is invalidated, with 11.17 as the next upside target. Technical source (https://www.cryptotakeprofit.com/coins/link/)
#LINK #Chainlink #LINKUSDT #MarketAnalysis
As of November 9, 21:17 (Beijing time), LINKUSDT was at 10.562, down 1.88% over 24 hours, with $134 million in contract trading volume and net aggressive selling of $5.26 million. Buying has recovered over the past 4 hours, but selling pressure has remained dominant throughout the day. Market data source (https://finderside.com/symbols/LINKUSDT/)
The 21:00 open interest snapshot showed OI at around $81.7 million, down 3% over 24 hours, and a funding rate of +0.0047%. The price and volume action looks more like a recovery following deleveraging. Open interest source (https://seandra.ai/perp/link)
The 1-hour RSI has recovered to 53.34, but the 4-hour MACD remains below the zero line and below its signal line. I expect the rebound to meet resistance over the next 4–24 hours, followed by a retest of support at 10.46 and 10.08; a break below those levels would put 9.75 in view. If price breaks above resistance at 10.79 on strong volume and holds, the bearish outlook is invalidated, with 11.17 as the next upside target. Technical source (https://www.cryptotakeprofit.com/coins/link/)
#LINK #Chainlink #LINKUSDT #MarketAnalysis