$LINK /USDT – Testing Key Support! Reversal Incoming or More Pain Ahead? ⚠️
Chainlink is sliding with a -3.38% drop, now trading at $12.59, approaching the $12.30 low of the day. With SAR still above the price at $13.19, LINK is under pressure — but nearing a bounce zone that could surprise the market.
📊 Quick Breakdown:
24h High / Low: $13.29 / $12.30
Current Price: $12.59
SAR: $13.19 (bearish trend still active)
Volume: 2.62M LINK | 33.67M USDT
Support: $12.30
Resistance: $13.29 – $13.60
🚀 Bullish Setup – Eyes on a Strong Comeback
If LINK holds above $12.40 and reclaims $12.75 zone…
Entry: $12.75
Target 1: $13.20
Target 2: $13.60
Target 3: $14.10
Stop-loss: $12.25
🧠 Note: Volume confirmation and SAR flip below the price will validate a trend shift.
🔻 Bearish Breakdown Scenario
If LINK loses the $12.30 support level:
Next Support: $11.90
Further Downside Risk: $11.40
🧨 Watch out for volume spikes on red candles — they signal panic selling!
📌 Technical View:
Price near demand zone = potential reversal
SAR = bearish but softening
Consolidation likely before decisive move
🎯 Will Chainlink bounce back from the edge or fall deeper? This is the zone where smart trades are born.
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