$LINK Technical Analysis

Chainlink's (LINK) recovery is facing selling pressure at the 50-day SMA ($14.84), indicating that bears are active at higher price levels.

Bulls are expected to defend the 20-day EMA ($13.79) on the way down, as a break below this level could send LINK/USDT to the crucial support level of $10.94.

If the price rebounds from the 20-day EMA, the likelihood of a break above the 50-day SMA increases. If that happens, Chainlink could regain momentum and rise