$LINK is currently trading at $22.28, down -18.51% in the past 24 hours, indicating a significant correction. The sharp decline may be attributed to broader market weakness or news affecting investor sentiment. Key support is around $21.00, which could act as a potential buying zone if the price continues to retrace. Resistance is expected near $24.00–$25.00 if the price begins to recover.
Trading Recommendations:
Short-term traders: Monitor the support level at $21.00 for a potential reversal. If a bounce occurs, target resistance levels around $24.00–$25.00.
Long-term investors: $LINK may present an opportunity if it stabilizes above key support, with potential for recovery in the long run.
Disclaimer: Please do your own research before making any trades for the aforementioned token outside Binance to avoid any scams and ensure the safety of your funds.
