$LINK

– DOWNWARD PRESSURE CONTINUES, WEAK RECOVERY REJECTED

Chainlink plunged from $26.4 to $23.0 and attempted a small bounce, but price faced rejection at EMA(25) around $23.4. With EMA(99) at $24.2 acting as strong resistance and sellers still dominant, LINK risks extending its decline if $23 support gives way.

🔻 Short Entry: 23.20 – 23.40

🎯 Targets (TP): 23.00 / 22.80 / 22.50

🛑 Stop Loss (SL): 23.70

Outlook stays bearish below $23.70. A sustained drop under $23.00 could accelerate downside momentum.

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