🚨 $LINK Faces Downward Pressure: Bears Tighten Control!

Chainlink ($LINK) has faced a strong rejection near the $22.25 resistance zone, signaling a shift in market sentiment. With price now trading below key intraday levels and momentum weakening, bears are eyeing further downside potential. ⚠️📉

🔹 Current Price: $21.95

🔹 Daily Change: −0.44%

🔹 Chart Formation: Lower-high structure with resistance rejection

🔹 Market Sentiment: Bearish bias strengthening

Why Bears Are Watching Closely:

🔻 Resistance Rejection: Price failed to sustain above $22.25, confirming seller dominance at this key zone.

🔻 Momentum Breakdown: The recent drop below short-term EMA signals growing downside momentum.

🔻 Potential Continuation: If $LINK ails to reclaim $22.09, the next support levels near $21.72 and $21.50 could be tested soon.

📉 Short Setup:

Entry Zone: $22.00 – $22.10

Target 1: $21.72

Target 2: $21.50

Stop-Loss: $22.25

Stay alert — the next move could determine whether bears extend control or bulls stage a defense.

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