$LINK Technical Analysis
Price Action: LINK has experienced a ~12% decline over the last seven days, trading within a range of $7.91 to $9.40. The price is currently sitting below its 200-day Simple Moving Average (SMA), which suggests a weak long-term trend in the immediate term.
Support & Resistance: Immediate support is identified at the $8.00 psychological level. If this level fails to hold, the next major support zone is near $7.20. On the upside, LINK faces resistance at $9.50 and $10.80.
RSI Indicator: The Relative Strength Index (RSI) is currently in the neutral zone (around 40-45), suggesting that while momentum is bearish, the asset is not yet in "oversold" territory, leaving room for further stabilization.
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