🚨$LINK / USDT Technical Analysis - Bearish Momentum Continues🚨

The $LINK / USDT pair is currently trading at 24.91, down -8.95% in the last 24 hours. The price has been steadily declining over the past day, with a 24-hour high of 27.96 and a low of 23.35.

Technical Analysis:

* Moving Averages: The 7-period MA (24.88) is below the 25-period MA (24.99) and the 99-period MA (25.56), indicating a bearish trend.

* Volume: The 24-hour trading volume for LINK is 13.52M, while the volume for USDT is 344.02M. This indicates high trading activity, but the direction is currently bearish.

* Chart Pattern: The price action suggests a potential continuation of the downtrend.

Outlook:

* Short-Term: The bearish momentum is likely to continue in the short term. Traders should be cautious and consider short positions with tight stop-loss orders.

* Long-Term: The long-term trend for LINK remains uncertain. A break above the 99-period MA could signal a potential reversal of the downtrend.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please do your own research and consult with a qualified financial advisor before making any investment decisions.

Hashtags: #LINK #USDT #Binance #Crypto #TechnicalAnalysis #Trading