$LINK on a crazy ride, 🎢 that's a sharp drop we're seeing right now. It's down about 7.87% and trading around $16.62.
It looks like it hit a wall at that $20 mark and has been trending down since. The shorter moving averages (MA7 and MA25) have crossed below the price, which isn't the best sign for the short term. The long-term MA99 is still holding strong below, which could be a good support level to watch.
This is a classic example of why you need to manage risk. After a big run-up, you often see a correction like this. Could be a chance to buy the dip, or it could go lower.
Stay safe out there!