$LINK /USDT: Testing Key Support Levels
$LINK /USDT is trading at $19.69, down 2.52% in the past session. The price fluctuated between $20.44 (high) and $19.59 (low), reflecting increased volatility as LINK tests critical levels.
Key Levels to Watch:
Resistance: $20.10, $20.44
Support: $19.50, $19.00
Bearish Scenario:
If LINK fails to hold above $19.50, it may retest $19.00, a significant psychological level. The RSI near 31.88 indicates oversold conditions, which could trigger further selling pressure if breached.
Bullish Rebound:
A bounce from $19.50 could push LINK toward $20.10. Breaking above this level would be crucial for targeting $20.44, with momentum supported by potential volume spikes.
Market Insight:
The RSI indicates oversold conditions, suggesting a possible reversal. However, MACD reflects bearish momentum, urging caution for long entries. Monitor volume closely for signs of a breakout or further decline.