🔗 About Chainlink:
Chainlink is a multichain decentralized oracle network that enables users to create their own hybrid smart contracts. The LINK token follows the ERC-677 standard (Transfer-and-Call), allowing token transfers to smart contracts that trigger pre-programmed responses during blockchain transactions.
📊 LINK/USDT Price Analysis
Current Price: 22.30 📉
📉 TREND AND MARKET STRUCTURE:
LINK is under short-term selling pressure, forming lower lows on the 4H chart. The downtrend is still intact, but buyers are showing interest near the 21.50–22.00 range.
🟥 SUPPORT: 21.50, 21.00
🟩 RESISTANCE: 22.60, 23.80
📊 TECHNICAL INDICATORS:
🔄 Stochastic RSI: Near oversold zone — possible bounce if buying volume picks up.
📉 MACD: Bearish crossover, momentum still weak.
🔊 Volume: Moderate, with sellers slightly dominating.
📈 Bullish Scenario:
If price breaks above 22.60, it may push toward 23.80+ 📈
📉 Bearish Scenario:
If price drops below 21.50, expect a move toward 21.00 or lower 🔻
🧠 Summary:
LINK is in a short-term downtrend. Keep an eye on the 21.50 level — holding it could spark a relief rally, but losing it may extend the drop. ⚠️
