$LINK is hesitating where multiple trendlines converge.
Price pushed into the descending confluence and stalled, suggesting momentum may be thinning at this junction.
Technical View:
Pattern: A multi-leg compression meeting a long-term falling guide after a corrective climb.
Bias: Downside continuation may unfold if price remains capped beneath the converging resistance.
Key Level: The 13.8 to 14.6 zone may determine whether price drifts toward the lower support band.
A sustained breakout above the converging trendlines could invalidate the bearish setup.
#LINK #Chainlink #LINK price analysis#
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