$LINK is currently in a bearish market structure with a price of 13.04 USDT.
The support at 12.93 USDT is crucial; a breach could lead to further downside movement.
Resistance at 13.78 USDT presents a potential target for a breakout strategy.
With an RSI of 26.82, LINK is oversold, suggesting a possible short-term bounce.
However, risks remain, particularly with Bitcoin's volatility and macroeconomic factors that could influence market sentiment.
