Chainlink (LINKUSDT) is currently approaching a key demand zone between $9.50â$10.50, an area that has historically acted as a strong accumulation base.
đ Key Observations:
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Long-Term Demand Zone:
The price is nearing a major support block which has held multiple times over the past year. This zone has consistently triggered strong bullish reversals.
đ Short-Term Weakness:
The recent drop shows selling pressure, but volume remains relatively stable â suggesting this may not be panic-driven. A possible liquidity grab before reversal?
đ MACD Oversold Setup:
Daily MACD is nearing the oversold zone â a potential bullish crossover could trigger a trend shift if confirmed.
đŠ Watch for Reaction:
If price dips into the $9.50â$10.50 area and shows a bullish reaction (engulfing or hammer candle), a reversal toward the $15â$18 region is likely.
đ§ Final Take:
No entry yet â let price come to you. If it bounces off the demand zone with strength, we may be witnessing the next impulsive wave up. If it breaks down, avoid rushing in.
đ Patience pays. Smart money buys the dip â not the hype.