$LINK is sitting at a key level after pulling back to the 78.6% Fibonacci retracement of its previous rally. Price action is starting to lose momentum, and the market structure still leans more corrective than bullish for now.
As long as LINK holds above the $9.28 support zone, there’s still a chance for buyers to step back in and push price toward the $10.80 resistance area. But if that support gives way, downside pressure could accelerate, with $8.90 and potentially $8.20 becoming the next levels to watch.
Support Levels: $9.28 • $8.90 • $8.20
Resistance: $10.80
At the moment, LINK remains in a delicate position, and weakening support is increasing the risk of another leg lower.