$LINK LINK/USDT – Testing Critical Support Levels

Current Price: $20.02 (-7.91%)

24h High: $21.96 | 24h Low: $19.59

24h Volume: LINK: 6.80M | USDT: 142.33M

---

Technical Overview:

EMA Trends:

EMA(7): $20.49

EMA(25): $21.15

EMA(99): $22.33

LINK has plunged below key EMAs, indicating sustained bearish momentum.

Support Levels:

$19.50 (current critical level)

$18.90 (secondary support zone)

Resistance Levels:

$20.50 (immediate resistance)

$21.00 (psychological barrier)

---

Key Observations:

Breakdown Alert: A drop below $20.00 could accelerate bearish momentum.

Oversold Potential: RSI nearing oversold territory may lead to a short-term bounce.

---

Potential Trade Setups:

🔴 Bearish Setup:

Entry Trigger: Below $19.50

Targets: $19.00 (initial), $18.50 (extended)

Stop-loss: Above $20.50

🔵 Bullish Reversal Setup:

Entry Range: $19.50–$20.00

Targets: $20.50 (initial), $21.00 (extended)

Stop-loss: Below $19.00

---

Market Sentiment:

LINK is at a pivotal juncture with increased selling pressure. A decisive move below $19.50 could result in further losses, while any signs of reversal should be closely monitored for potential recovery.

#LINK #CryptoAnalysis #USJoblessClaimsDrop #BNBBhutanReserves #OnChainLendingSurge