$LINK

🔗LINK fell back from $24.7 on August 13, indicating that bulls chose to take profits at high levels. Meanwhile, the RSI showed a divergence signal, suggesting that the market's upward momentum may be weakening.

🐻 Bearish Scenario

If sellers push the price below the 20-day moving average of $20, bears will regain control. Next, LINK may further drop towards the support level of $18.

🐂 Bullish Scenario

However, if the price stabilizes in the current range and attempts to rally again, bulls will vigorously challenge the resistance level of $24.7. Once it breaks through and stabilizes, LINK is expected to resume its upward trend, targeting $27.3.

🎯 Key Observations

Support: 20 → 18

Resistance: 24.7 → 27.3

Trend Signal: Bearish below $20, bullish above $24.7