Chainlink (LINKUSDT) is currently approaching a key demand zone between $9.50–$10.50, an area that has historically acted as a strong accumulation base.
🔍 Key Observations:
✅ Long-Term Demand Zone:
The price is nearing a major support block which has held multiple times over the past year. This zone has consistently triggered strong bullish reversals.
📉 Short-Term Weakness:
The recent drop shows selling pressure, but volume remains relatively stable — suggesting this may not be panic-driven. A possible liquidity grab before reversal?
📊 MACD Oversold Setup:
Daily MACD is nearing the oversold zone — a potential bullish crossover could trigger a trend shift if confirmed.
📦 Watch for Reaction:
If price dips into the $9.50–$10.50 area and shows a bullish reaction (engulfing or hammer candle), a reversal toward the $15–$18 region is likely.
🧭 Final Take:
No entry yet — let price come to you. If it bounces off the demand zone with strength, we may be witnessing the next impulsive wave up. If it breaks down, avoid rushing in.
🔔 Patience pays. Smart money buys the dip — not the hype.