$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
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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)
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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.
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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
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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.
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