$LINK

Is it a false breakdown or a downward rejection?

The LINK token attempted to break the $15.70 level but faced immediate rejection, resulting in a sharp decline towards the $15.36 support level. The price is hovering around a key retest level, and the next move will determine whether the bulls will regain control or if the bears will continue to press.

Key levels to watch

Resistance areas:

• $15.70 - Local rejection area

• $15.88 - Short-term continuation level

Support areas:

• $15.35 - Critical daily low

• $15.14 - Collapse support from the daily low

Trading setups - Monitor for recovery or collapse

Bullish entry: Price recovers and holds above $15.50 with high trading volume

• Target 1: $15.70

• Target 2: $15.88

Bearish entry: Closes below $15.35

• Target 1: $15.14

• Target 2: $14.80

The next 15-minute candle is likely to reveal the true target behind this move - whether it’s a trap or a clear shift in momentum.

Watch trading volume closely.