Head and shoulders pattern emerges, LINK bears are about to explode! Is the countdown for Chainlink's bear market starting?
Chainlink (LINK) is entering a dangerous zone! The classic head and shoulders pattern has already issued a warning, and the market bears are brewing the next wave of attack. The current price is $21.97, down 15.21% from the weekly high, with the next key support potentially between $18.60 and $19.80, and in extreme cases, it could plummet to $14!
On-chain data shows that since December, outflows have exceeded inflows — selling pressure is everywhere. More importantly, the financing rate has turned negative in the past two days, with trader sentiment fully leaning towards the bears. Historical patterns indicate that this dual pressure of funds and sentiment is often a precursor to a significant adjustment.
But don't panic, when it drops, the opportunity becomes even more attractive! If the key support can hold steady, LINK may become an excellent target for next year's layout. How long can the bears be arrogant? We shall see!
Don't be blinded by short-term fluctuations, Brother Tang will teach you to lock in your targets, advance step by step, and witness the explosion of wealth with a smile! Follow Brother Tang, and let him guide you from confusion to freedom!
