$LINK Dips to Critical Support Zone: A Bounce or More Downside?
$LINK is trading at $21.46, down 13.12% in the past 24 hours, testing a crucial support level at $21.21 after a steep fall from its recent high of $25.61. This significant retracement has pushed the RSI to 24, indicating oversold conditions and a potential opportunity for buyers to step in.
The MACD highlights persistent bearish momentum, reflecting selling pressure. However, if $LINK stabilizes above the $21.20 mark, it may attract bullish interest, paving the way for a possible rebound. Traders should monitor volume and market sentiment as the next move could define $LINK’s short-term trajectory.