📉 $LINK trades at $11.82 (June 23) after slipping to the bottom of a multi-month descending channel. With market cap at $8.01B, all eyes are on whether this marks a reversal point.
📊 The daily chart shows a rounded base pattern forming around $11.00 — a key support. LINK has started rebounding from the lower Bollinger Band ($11.51), heading toward the midline at $13.36.
📈 If $12.00 is reclaimed with volume, bulls may target the $13.20–$13.50 resistance zone. Breaking the mid-Bollinger level could confirm trend strength.
📉 On the downside, failure to hold above $11.50 risks a retest of $11.00, which remains a crucial demand zone.
🟢 The RSI sits at 33.6, just above oversold — suggesting dip-buying potential as momentum begins to flatten and hint at a shift.
📌 Summary: LINK is bouncing off support with early signs of strength. A break above $12.00 could fuel a move to $13.50 — but bulls need to stay in control.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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