Technical and Fundamental Analysis of $LINK / USDT🔥🔥🔥🔥‼️👈

◽️Technical Analysis :

1. Price Pattern:

• LINK’s price is following a bearish trend with some intermittent rebounds.

• The price is currently in a corrective phase after the recent drop and is under the pressure of a clear descending trendline.

2. Support and Resistance Levels:

• Strong resistance is located at the 16.00 and 18.00 levels.

• Strong support is found at the 10.00 and 12.00 levels.

3. Technical Indicators:

• The Boom Pro indicator signals a potential bullish crossover soon and is near the oversold area, increasing the likelihood of an upward rebound.

◽️Fundamental Analysis :

1. Trading Volume:

• The current daily volume is 51.195 million, indicating moderate market interest.

2. Cumulative Volume Delta (CVD):

• The total CVD of -350.186 million indicates ongoing selling pressure.

• The spot CVD of -96.606 million also confirms selling pressures.

3. Funding Rates:

• Funding rates are slightly positive at 0.0084, suggesting minor market optimism.

4. Open Interest:

• Open interest is relatively stable, indicating no significant market movements recently.

5. Liquidity:

• Total futures liquidity indicates significant selling pressure at -329.0689.

Expected Trend

• Based on the technical and fundamental analysis:

• Short-term Trend: The price may experience a rebound towards the resistance area at 16.00, but the descending trendline should be closely monitored.

• Long-term Trend: The overall trend remains bearish, with the possibility of retesting lower support levels at 10.00 if selling pressure persists.

CONCLUSION:

It is crucial to monitor the analysis periodically and update the data regularly due to the constantly changing market conditions. This analysis provides a comprehensive view of the current and expected state of LINK / USDT but should not replace direct financial advice.

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