$LINK

🔮LINK

LINK has recently started to rise, but it is about to face a critical resistance level at $16, which the bears will definitely not let go of easily!

If it gets hammered down at $16, there's no need to panic; the bulls will likely hold at the 20-day moving average ($13.65).

If there is a strong rebound, it may directly break through $16, challenging the upper boundary of the descending channel — this is a signal of a trend reversal!

But the bears are not to be taken lightly; if they want to counterattack, they need to push the price back below the moving average. If it really gets knocked down, LINK may have to retrace to $11.8 or even lower support levels.

📌 Key Points Summary:

Strong rebound = heading straight for the upper boundary of the channel, possible trend reversal🚀

Being pushed back below the moving average by the bears = testing the $11.8 support⚠️