🔗 $LINK /USDT – Coiling or Cracking? ⚙️
#Chainlink is trading at $15.76 (-1.25%), slipping slightly below the short-term moving average. RSI hints at indecision, and the market is watching the $15.20 support zone.
📊 Market Overview
📍 Current Price: $15.76 (-1.25%)
📈 24h High: $16.09
❄️ 24h Low: $15.24
🔄 24h Vol (LINK): 4.05M
💵 24h Vol (USDT): $63.69M
📊 Key Moving Averages
MA(7): $15.88 (currently below = short-term pressure)
MA(25): $15.69
MA(99): $15.57 (price holding slightly above)
Volume MA(5): 203.1K
Volume MA(10): 169.4K
RSI(6): 44.68 (leaning bearish-neutral)
📈 LINK Trade Setup – Levels to Watch
🔹 Bullish Scenario (If LINK reclaims MA(7) at $15.88):
Entry: $15.90+
Targets: $16.57, $17.04
Stop-Loss: $15.24
🔹 Bearish Scenario (If $15.24 fails):
Entry: $15.20 or breakdown retest
Targets: $14.84, $14.73
Stop-Loss: $15.88
🔍 Momentum Check
⚠️ Trading under MA(7) = short-term weakness
✅ Still above MA(25 & 99) = mid- to long-term structure intact
⚠️ RSI(6) = 44.68 = tilting bearish, no momentum conviction
💡 Pro Tip:
Volume is thinning out as LINK approaches key support. Keep an eye on any spike in volume near $15.20—that could define the next directional breakout.
📉 Will Chainlink lose support or bounce back strong?
👇 Drop your thoughts and setups in the comments.