Key Levels: Support $12.8720 | Resistance $13.0300
Technical Analysis for $LINK : MACD is below its signal line with a negative histogram, and price sits under EMA9, EMA21, EMA50 and EMA200, confirming bearish momentum. ADX at 28 shows a solid trend. RSI at 32 and stochastic near 2 suggest oversold conditions but the price is trapped near the 1H resistance, favoring a short bias.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, with 87.6% of assets red.