$LINK
The current price is around 16.0 dollars, and the currency is fluctuating between 15.8 and 16.6 dollars with stable trading volume.
Technically: The overall trend leans towards neutral with a downward bias in the short term, with strong support at 15.2 dollars and significant resistance at 17.5 dollars.
Indicators like RSI and MACD show weakness in upward momentum, which suggests continued consolidation before any clear breakout.
Fundamentally: The project is strong and plays a pivotal role in connecting data to smart contracts (Oracle service), giving it long-term value in the DeFi system.
🔸 Summary:
Short term: Cautious or waiting for trend confirmation.
Long term: A strong project that could regain momentum towards 20–25 dollars if the market improves.
