Overview
- LINK traded around $9.64–$9.67 after a 24-hour gain of roughly 5%, with a daily range between $9.13 and $9.96, signaling buying interest near recent lows.
- Price is testing a multi-year support zone near $9.50–$9.65 that previously drew buyers in August 2024.
- Analysts highlight $10.20 as a near-term resistance where a daily close could confirm momentum, noting a need for another strong bullish candle.
- Momentum signals show the RSI near 27 and the MACD still negative, pointing to stabilization rather than a confirmed reversal.
- A rebound with stronger buying could target the point of control and the ~$21 resistance, while failure to draw demand leaves downside risk intact.