$LINK

🪝LINK on June 5th LINK broke through the key support of 13.20 USD, which is not a good signal!

Currently, the price is still pressed within a downward channel, bulls seem a bit powerless, while bears are eager to act...

🔻Continued downward channel? Bears are eyeing 10 USD!

Although bulls are trying to pull up for a rebound, the 20-day moving average (14.5 USD) is becoming a roadblock,

If it gets pushed down again, LINK could directly plunge to 11.89 USD, or even test the bottom at 10 USD!

💡The only chance for bulls: Strongly stand above the resistance line!

If LINK can grit its teeth and break through the 20-day moving average,

And put in more effort to break through the upper boundary of the downward channel,

Then it might ignite a rebound trend, directly rushing towards the 18 USD mark!

However, by that time, bears will not sit idly by, and are likely to strike again in the 18 USD area.