$LINK LINK/USDT Market Update 🔍: Downtrend Continues
📉 Price: $28.17 (-3.53%)
🔝 24h High: $30.85 | 🔻 24h Low: $28.03
📊 Volume:
LINK: 11.16M
USDT: 329.79M
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Market Overview 📊
LINK has faced notable selling pressure, dropping from its 24h high of $30.85 to its current level of $28.17. The bears appear to be in control, pushing the price below the critical $29 support zone.
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Key Levels to Watch 🔑
Immediate Support: $28.03 → A breakdown below this could target $27.87.
Next Resistance: $29.95 → Bulls need to reclaim this for recovery momentum.
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What’s Driving LINK? 🚀
1️⃣ Volume Decline: LINK volume remains strong, but bearish sentiment is dominating.
2️⃣ Market Sentiment: Broader infrastructure token pullback has impacted LINK’s short-term price movement.
3️⃣ Technical Weakness: Lower highs and consistent sell-offs suggest sellers remain active.
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Trading Strategy 📈
DIP Buyers: Look for accumulation near $28.00–$28.20 if support holds.
Short-Term Traders: A break above $29.00 could signal recovery toward $30.00–$30.85.
Risk Management: Tight stop-losses below $27.87 to manage further downside risk.
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⚠️ Will LINK recover, or is more downside ahead? Share your analysis and trading strategies in the comments! 🚀📉