$LINK LINK/USDT Market Update đ: Downtrend Continues
đ Price: $28.17 (-3.53%)
đ 24h High: $30.85 | đ» 24h Low: $28.03
đ Volume:
LINK: 11.16M
USDT: 329.79M
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Market Overview đ
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 đ
Immediate Support: $28.03 â A breakdown below this could target $27.87.
Next Resistance: $29.95 â Bulls need to reclaim this for recovery momentum.
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Whatâs Driving LINK? đ
1ïžâŁ Volume Decline: LINK volume remains strong, but bearish sentiment is dominating.
2ïžâŁ Market Sentiment: Broader infrastructure token pullback has impacted LINKâs short-term price movement.
3ïžâŁ Technical Weakness: Lower highs and consistent sell-offs suggest sellers remain active.
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Trading Strategy đ
DIP Buyers: Look for accumulation near $28.00â$28.20 if support holds.
Short-Term Traders: A break above $29.00 could signal recovery toward $30.00â$30.85.
Risk Management: Tight stop-losses below $27.87 to manage further downside risk.
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â ïž Will LINK recover, or is more downside ahead? Share your analysis and trading strategies in the comments! đđ