$LINK Price Analysis: Freefall Accelerates... Lost 25% of its values ..
$LINK is trading at $21.39, suffering a sharp drop of 13.54% over the past 24 hours. The price has slipped from a high of $25.61 to test a critical low of $21.21, signaling significant bearish pressure.
Key Levels to Watch:
Support: $21.00 – A break below this level could push the price toward $19.50.
Resistance: $23.16 – Bulls need to reclaim this zone for any recovery.
Trade Setup:
Entry Point: Around $21.39 for short-term opportunities.
Targets:
1. $23.16 (short-term recovery)
2. $25.00 (next resistance zone)
Risk Management:
Stop-loss: $20.80 to minimize downside risk.
Market Insight:
The sharp decline reflects sustained selling pressure. A reversal may be possible if the price finds strong support at $21.00, but traders should stay cautious and monitor for volume confirmation.
