$LINK is looking a little sluggish today. It’s currently at 9.79, down 2.96% over the past 24 hours. It’s been grinding lower from a high of 10.25, with a low near 9.62. Volume at 22.2M isn’t particularly high—this is a classic low-volume drift down, with no real panic selling. It looks more like a pullback in step with the broader market 😑
The current price is in an awkward spot, near the lower end of the 9.6–10.25 range. I’m watching two levels: 9.62 below is today’s low and a short-term support line for bulls. If it holds, this could still be seen as a sideways shakeout; if it breaks, the price will likely keep searching for support lower down. Above, 10.25 is today’s high. For a rebound to take hold, it needs to first reclaim the psychological 10 level—otherwise, any bounce is likely to be weak.
As for trading, I’d consider starting with a small position around 9.6–9.65, with a stop-loss just below the low and a target near 10. If it breaks down outright, I wouldn’t buy the dip; I’d wait until it gets back above 9.8. Overall momentum is weak, so don’t chase 👀
The current price is in an awkward spot, near the lower end of the 9.6–10.25 range. I’m watching two levels: 9.62 below is today’s low and a short-term support line for bulls. If it holds, this could still be seen as a sideways shakeout; if it breaks, the price will likely keep searching for support lower down. Above, 10.25 is today’s high. For a rebound to take hold, it needs to first reclaim the psychological 10 level—otherwise, any bounce is likely to be weak.
As for trading, I’d consider starting with a small position around 9.6–9.65, with a stop-loss just below the low and a target near 10. If it breaks down outright, I wouldn’t buy the dip; I’d wait until it gets back above 9.8. Overall momentum is weak, so don’t chase 👀