$LINK is attempting to stabilize after the sharp rejection from 9.61, but short-term momentum still remains cautious while price trades below the key EMA resistance levels ⚠️
The bounce from 9.34 shows buyers are defending support aggressively, and LINK is trying to build a short-term base around the 9.40 area. However, EMA(25) near 9.45 is still acting as the immediate resistance zone bulls need to reclaim for stronger upside continuation 📈
The structure currently looks like a recovery attempt inside a broader pullback, so confirmation is still needed before momentum fully shifts bullish again.
Key levels:
Support: 9.34 → 9.30
Resistance: 9.45 → 9.52 → 9.61
Current trend structure:
If LINK manages to hold above 9.40 and break through the EMA cluster, a recovery toward 9.60 could develop. But continued rejection below 9.45 may keep price trapped in a weak consolidation range near support.

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