$LINK Technical Analysis

Chainlink (LINK) price reversed downwards from the 20-day EMA ($12.91) on Monday, indicating that bears continued selling as the price recovered.

There is currently a minor support zone at $11.61, but if this level is broken, the LINK/USDT pair could fall to the strong support zone at $10.94. Buyers are expected to aggressively defend the $10.94 mark, as a breach of this level could send LINK back to the October 10th low of $7.90.

To regain the upper hand, bulls need to push the pair above the moving averages. This could lead to a price increase to $15.01. A breakout and close above the $15.01 resistance level would indicate that the downtrend may have ended.

LINKUSDT

Διην.

13.23

-0.75%