$LINK Breakdown in Motion – Bulls in Trouble Below $11.70!
$LINK is trading at $11.69 with a daily gain of +1.83%, but momentum is fading fast. After repeated rejections near $12.10, price has now broken below short-term support and is testing fresh lows on the 15m chart.
Key Technical Zones:
• Resistance Zone: $11.95 – $12.10 (heavy supply area)
• Support Zone: $11.65 – $11.50 (next demand region to watch)
Trade Setup – Breakdown Watch Active
Bearish Entry: Below $11.65
• Target 1: $11.40 (recent support zone)
• Target 2: $11.10 (near 24h low)
• Stop-Loss: Above $11.95
Bullish Entry: Only above $12.10
• Target 1: $12.35
• Target 2: $12.60
• Stop-Loss: Below $11.65
LINK is showing signs of exhaustion after bulls failed to hold $11.80 support. Selling volume is increasing and the price structure has turned bearish on lower timeframes. Unless bulls reclaim $12.00+, the path of least resistance points down. Monitor closely!