$LINK

🔗LINK seesaw! Is this a reversal or a continued decline?

Brothers, LINK fiercely rebounded from the key support level of $13.20 on May 31,

but! As soon as it hit the upper edge of the descending channel, it was immediately pressed down by the bears!

🐻 Are the bears in control of the rhythm?

Just look at the indicators——

The 20-day moving average has started to turn down, and the RSI has also fallen into negative territory,

This rhythm is clearly the bears suppressing the price, with great momentum!

If the bulls want to turn the tide, they must strongly break through the upper line of the descending channel and the 20-day moving average near $17.76,

to break the ongoing downward pressure that has lasted for several days!

🐂 Do the bulls still have a chance?

Of course they do! As long as LINK can break through the upper line of the channel, the target will be straight to $18!

But beware! This is the bear's stronghold, there will be a tough battle then,

Whether $18 can hold is the key to determining if there can be a reversal in the short term!

💀 The most dangerous scenario is……

What the bears most want to see is not the current breakout upward,

but rather the price re-breaking the support level of $13.20!

Once it breaks below, LINK may continue to bounce back and forth within the channel,

and will enter a downward consolidation period again in the short term, so brothers looking to make a profit on the swings will need to be patient.