Chainlink on the BRINK 🚨 - $7.90 Incoming?

$LINK is currently battling below key moving averages, and the charts are screaming potential downside. A break below current levels could send price spiraling towards the critical $10.94 support.

Bulls *will* defend $10.94, but rallies are likely to be met with fierce selling pressure. If those defenses fail, we could see a retest of the October 10th low – a painful drop to $7.90. 📉

However, a strong bounce from $10.94, breaking above $15, signals serious buying interest and a potential climb to $16.80. Keep a close eye on this key level!

#Chainlink #LINK #CryptoAnalysis #TechnicalAnalysis 🚀

LINKUSDT

Perp

11.98

-1.90%