$link my favorite coin
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LinhCrypto247
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“Chainlink faces a major test — can the bulls hold the critical support level, or will the bears continue to dominate? What do you think will happen to LINK?”
LINK Technical Analysis
Chainlink (LINK) is gradually slipping toward the key support zone at $13.69, reflecting growing bearish sentiment in the market.
The bears will attempt to push the price below this support to extend the downtrend. If successful, the LINK/USDT pair could drop to around $12.73, and then further down to $10.94.
Bulls are expected to defend the $10.94 level strongly, as a break below this zone could lead to a deeper decline toward $7.90.
The RSI is showing signs of a bullish divergence, but to strengthen upward momentum, bulls need to push the price above the 20-day EMA at $16.05. Then, the pair could target higher resistance levels.
#Chainlink #LINK #CryptoAnalysis
LINK Technical Analysis
Chainlink (LINK) is gradually slipping toward the key support zone at $13.69, reflecting growing bearish sentiment in the market.
The bears will attempt to push the price below this support to extend the downtrend. If successful, the LINK/USDT pair could drop to around $12.73, and then further down to $10.94.
Bulls are expected to defend the $10.94 level strongly, as a break below this zone could lead to a deeper decline toward $7.90.
The RSI is showing signs of a bullish divergence, but to strengthen upward momentum, bulls need to push the price above the 20-day EMA at $16.05. Then, the pair could target higher resistance levels.
#Chainlink #LINK #CryptoAnalysis
