Chainlink bulls on the brink of collapse? Head and shoulders pattern emerges, bear market alarm sounded!
The current LINK price trend ruthlessly reveals a bearish "head and shoulders pattern" — the market is turning downwards, and on-chain data only worsens the situation! Selling pressure remains high, with a net outflow of 300,000 LINK in December, financing rates turning negative, and bears have fully taken the upper hand.
The next key support? Analysts point out that $18.60-$19.80 is the last line of defense for short-term bulls; if this is lost, $14 may be just around the corner. Investors looking to buy the dip should keep a close eye on this price range, or they risk battling with bears at the knife's edge.
The Chainlink bull market is not yet far off, but a short-term pullback is undoubtedly the "best of the worst opportunities." Market volatility waits for no one, don't regret it after the trend has played out. Follow Tang Ge for your next precise ambush!
