#link

*LINK Pulls Back to $9.40 After Rejection at $9.665, Support in Focus*

Chainlink’s LINK is trading at $9.401 on the 1H chart, down 0.68% in the last 24 hours. After tapping a 24h high of $9.665, price has been trending lower and is now testing short-term support near $9.38.

*What the Chart Shows:*

*1. Rejection at Resistance*

LINK failed to break above $9.665, forming a lower high on the 1H timeframe. The rejection triggered a steady pullback with a series of red candles, showing sellers are in control short-term.

*2. Support at $9.38*

Price dipped to $9.388 and is now hovering around $9.40. This level acted as a bounce point earlier and is the immediate zone to watch. A hold here could lead to a relief bounce toward $9.49-$9.56.

*3. Volume and Momentum*

24h volume sits at 4.54M LINK worth $43.2M. The recent drop came on higher selling volume, indicating momentum favors bears unless buyers step in at $9.38.

*Key Levels to Watch:*

- *Resistance*: $9.49 and $9.56. A reclaim of $9.56 would shift momentum back to neutral.

- *Support*: $9.38 is the make-or-break level. A close below it opens the door to $9.30 and lower.

For now, LINK remains in a short-term downtrend on the 1H chart. Bulls need to defend $9.38 and reclaim $9.49 to avoid further downside.

_Note:

This is technical analysis on the 1H LINK/USDT chart. Crypto is volatile, use proper risk management._