#LINK $LINK
LINK
12.57
+0.39%
Updated Technical Observation
Price Action: The price failed to sustain the high of $12.65 and has dropped sharply to $12.60. This is a "long-wick" rejection, showing that sellers are now in control at higher levels.
Trend Shift: The previous green candles have been wiped out by a large red candle, indicating a short-term bearish shift.
Order Book Balance: While still favoring buyers, the buy-side dominance has dropped from 57.23% to 54.19%, showing increasing selling pressure.
Performance Metrics: The 7-day performance has worsened slightly to -8.23%, confirming that the overarching trend remains #bearish