📊 $LINK Price Update: $24 Pivot in Play

LINK is still under pressure after recent highs. The current $24.04–$25.40 zone is a crucial pivot to watch. So far, buyers haven’t stepped in with strength, and price action is turning choppy.

🔑 Key Levels

Upper Support Zone: $24.04 – $25.40

Invalidation Level: $23.38 (20th Aug low)

Next Major Support: $22.31 – $23.70

Sentiment Zone: ~$23.40 (2024 swing high)

🌀 Short-Term Outlook

The latest move down looks like a five-wave decline, hinting at a broader correction.

If $24 breaks, focus shifts to $22.31–$23.70.

Bullish confirmation only comes if LINK breaks above $25.30, signaling a possible third wave up.

🕓 Bigger Picture

On the 4-hour chart, LINK is holding up well compared to many altcoins. The $23.40 zone acts more like a sentiment marker than a hard level. What’s missing is impulsive upside momentum — until that shows, the correction may not be over.