🔥$LINK /USDT 1H Technical Analysis

Current Price: $13.17 (-2.66%)

Timeframe: 1 Hour

🌟Key Levels

Resistance Zones:

$13.23 (aligned with 25-period MA)

$13.34 (aligned with 99-period MA)

$13.61 (24H high)

📈Support Zones:

$12.93 (recent swing low)

$12.80 (secondary support level)

🗂️Technical Outlook

$LINK is currently trading below its short-term (7-period), mid-term (25-period), and long-term (99-period) moving averages, confirming a short-term bearish bias.

The recent recovery from $12.93 showed weak momentum and has stalled below the cluster of moving averages.

Price action is forming a lower-high, lower-low pattern on the hourly chart, which supports a continuation of the downtrend unless a clear breakout occurs.

Consolidation is developing between $13.34 resistance and $12.93 support, indicating the market is in a short-term compression phase.

📝Market Bias

✅ Short-term Bias: Bearish to neutral

✅ Potential Scenarios:

If LINK fails to break above $13.34 and sustain momentum, sellers may retest $12.93, with potential extension to $12.80.

If bulls manage to reclaim and hold above $13.34 on an hourly close, price could target $13.50 and $13.60 resistance zones.

📑Professional Viewpoint

Given the rejection below the major moving averages and weak recovery, the market currently favors a sell-on-rally approach until confirmed strength above $13.34 is seen. A break below $12.93 would reinforce the downtrend.

Buy & Trade Here 👉 $LINK