#LİNK has remained weak recently, with the price hovering around $10.49. It has fallen below several key moving averages, and bearish sentiment remains strong.
Since reaching a high of $15.70 in late September, LINK has fallen by nearly a third. Notably, the 50-day EMA is currently around $11.70, while the 100-day EMA is near $11.40. The two moving averages are getting closer together. If the 50-day EMA falls below the 100-day EMA, it could form what is known as a “death cross,” which typically signals that the market’s downtrend may deepen.
LINK also has not managed to reclaim the $11 level since falling below it in early November. However, trading volume declined in November, suggesting that the concentrated selling seen earlier may have eased for now.
In terms of indicators, the RSI is currently near 50, suggesting that buying and selling pressure are relatively balanced, with no clear directional signal for now.
Key support levels and risks:
$10: An important recent support level where buyers have successfully held the price twice.
$11: A key level that needs to be reclaimed in the short term.
Downside risk: If LINK falls below $10, it could trigger further selling.
Since reaching a high of $15.70 in late September, LINK has fallen by nearly a third. Notably, the 50-day EMA is currently around $11.70, while the 100-day EMA is near $11.40. The two moving averages are getting closer together. If the 50-day EMA falls below the 100-day EMA, it could form what is known as a “death cross,” which typically signals that the market’s downtrend may deepen.
LINK also has not managed to reclaim the $11 level since falling below it in early November. However, trading volume declined in November, suggesting that the concentrated selling seen earlier may have eased for now.
In terms of indicators, the RSI is currently near 50, suggesting that buying and selling pressure are relatively balanced, with no clear directional signal for now.
Key support levels and risks:
$10: An important recent support level where buyers have successfully held the price twice.
$11: A key level that needs to be reclaimed in the short term.
Downside risk: If LINK falls below $10, it could trigger further selling.