$LINK Price Rejected at $14.48: Is a Breakdown Imminent?

Chainlink (LINK) is showing notable weakness on the daily chart, with price action unable to break above the $14.39–$14.48 resistance band. Despite a modest rebound attempt, momentum remains bearish across multiple indicators.

The MACD has continued to deepen below the signal line, suggesting persistent downward pressure. At the same time, the RSI is hovering just above oversold territory, signaling weak buying interest and a lack of conviction from bulls.

The price is also trading below both the 9-day and 20-day EMAs, reinforcing a bearish trend structure. Traders are closely watching the $13.13–$13.00 support zone, which could either serve as a potential bounce area or give way to further downside if broken.

With momentum indicators clearly favoring sellers, any bounce is likely to face strong headwinds unless broader trend reversal signals emerge. Caution is warranted as LINK navigates this critical range.

#Chainlink #LINK #trading

Read the full analysis: www.ecoinimist.com/2025/06/06/link-price-rejected-breakdown-imminent