$LINK Breaks Down Hard – Bears Take Full Control!
Chainlink (LINK/USDT) has crashed sharply, dropping to 22.44 after failing to hold above 23.00. The market showed a sudden wave of selling pressure, pushing price close to its daily low of 22.18.
This breakdown is a clear warning sign. Bulls tried to defend, but bears smashed through support. If LINK does not recover above 23.00, we could see more downside movement. Traders should watch the 22.00 zone carefully – if this support breaks, the price could slide further toward 21.80 – 21.50.
Right now, momentum is negative and the structure looks weak. Quick scalps may work for short-sellers, but buyers need to stay cautious until strength returns.