$LINK Chainlink is currently trading around $8.84, consolidating after a sharp recovery from the $7.15 demand zone. This level acted as a strong capitulation low, triggering aggressive dip-buying and forming a short-term base. Price has since reclaimed the $8.20–$8.30 support, which is now a key level to hold for bullish continuation.
On the upside, $LINK is facing immediate resistance near $9.00–$9.10, where sellers previously stepped in. A clean 4H close above $9.10 would confirm strength and open the door toward $9.55, followed by the major resistance at $10.00–$10.05 (previous swing high). Momentum is stabilizing, and consolidation below resistance suggests a potential breakout setup if volume expands.
📉 Bearish Risk:
If LINK fails to hold above $8.20, price may revisit $7.80, with the extreme downside protected near $7.15.
📌 Key Levels to Watch:
Support: $8.30 → $7.80 → $7.15
Resistance: $9.00 → $9.55 → $10.05
⚠️ Wait for confirmation. Trade the breakout, not the noise.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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