$LINK

🔵LINK On July 2, LINK briefly broke through the 20-day moving average of $13.32, but the 50-day moving average of $14.09 became a roadblock, and the bulls returned empty-handed, indicating that the bears are firing on all cylinders at high levels.

⚠️Short-term key trend:

Currently, LINK is pulling back, with a risk of falling towards the key support at $12.73.

If $12.73 cannot be held, it may trigger a deeper correction, targeting $11.

However, if the bulls can launch a strong counterattack near $12.73, they will challenge $14.09 again, and if broken, it is expected to surge to $15.66, even $18!

📉Key observations on the 4-hour candlestick:

The candlestick shows that LINK has not been able to stabilize above the resistance line, with bears clearly suppressing at high levels, attempting to harvest aggressive bulls chasing the rise.

Currently, the bulls are attempting a rebound at around $12.927, and if the rebound is effective and can strongly stand above $14.10, it will open up space to attack $15.77.

Conversely, if it falls and closes below $12.73, it may trigger accelerated declines, looking further towards $11.50.