Chain link Update
📉 Price Structure & Key Levels
🔹 Support Zones
Below are updated support areas based on recent technical analyses:
$11.35–$12.05 — aligns with your zone and continues to act as a weak support / lower boundary in range-bound markets. Failure here could risk deeper downside.
~$12.00–$12.50 — this is now confirmed as a stronger short-term support band where buyers previously stepped in. A break below could increase bearish pressure. �
$10.00–$11.00 — a deeper structural support if broader weakness continues. �
Short-term trend: Price is currently consolidating above these supports, but not decisively reclaiming higher levels.
🔺 Resistance Levels
Your prior resistance area is still relevant, but the updated analysis suggests a slightly broader resistance range:
$12.38–$12.88 — short-term resistance range on smaller timeframes.
📌 Bullish Scenario
Clean break and close above $14.00–$14.20
Then next short-term target around $15.50–$17.00
If this happens, sentiment could flip toward bullish continuation.
📌 Bearish Scenario
Rejection around current resistance (low-$13/$14)
Drop below $12.00 support
This could lead to a retest of $10.00 zone and deeper consolidation.
⚠️ Reminder
This is market analysis, not financial advice. Crypto markets are highly volatile — always conduct your own research and manage risk carefully.
