$LINK Holding $13.00 Support – Bounce Play or Bear Trap?
$LINK is trading at $13.04, attempting a recovery after finding short-term support near the $13.01 zone. The market is watching closely for either a bullish reclaim or further weakness.
Key Price Levels
• Immediate Resistance: $13.06 – A break above here may invite momentum buying
• Critical Support: $13.00 – Holding this is crucial to avoid deeper selloffs
Trade Scenarios
Bullish Breakout Above $13.06
• Target 1: $13.10
• Target 2: $13.15
• Target 3: $13.22
Bearish Breakdown Below $13.00
• Target 1: $12.90
• Target 2: $12.77
Volume remains moderate, suggesting indecision. A clear push above resistance with strong candle confirmation could validate a short-term reversal. Caution if support fails.