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Chainlink Price Prediction: LINK Open Interest Cools Off as Traders Rebuild Positions Slowly
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- LINK faces short-term bearish pressure, struggling to reclaim key EMA resistance zones.
- Support holds near $12.37, but a breakdown risks deeper levels toward $11.75.
- Open interest stabilizes near $559M, signaling cautious rebuilding amid negative spot flows.
Chainlink (LINK) traded in a short-term bearish correction on the 4-hour chart after a sharp drop from the recent swing high near $14.39. The sell-off pushed LINK below its main EMA cluster, which often signals that sellers still control near-term momentum. Price has started a bounce attempt near $12.38, but bulls still need stronger follow-through to shift sentiment.
LINK Tries to Stabilize After the Drop
The rebound attempt has held above the first support zone around $12.37. This level matches the Fib 0.236 area and acts as the first test for buyers. However, downside pressure still matters if price fails…
Read The Full Article Chainlink Price Prediction: LINK Open Interest Cools Off as Traders Rebuild Positions Slowly On Coin Edition.
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Chainlink Price Prediction: LINK Open Interest Cools Off as Traders Rebuild Positions Slowly
Share:
- LINK faces short-term bearish pressure, struggling to reclaim key EMA resistance zones.
- Support holds near $12.37, but a breakdown risks deeper levels toward $11.75.
- Open interest stabilizes near $559M, signaling cautious rebuilding amid negative spot flows.
Chainlink (LINK) traded in a short-term bearish correction on the 4-hour chart after a sharp drop from the recent swing high near $14.39. The sell-off pushed LINK below its main EMA cluster, which often signals that sellers still control near-term momentum. Price has started a bounce attempt near $12.38, but bulls still need stronger follow-through to shift sentiment.
LINK Tries to Stabilize After the Drop
The rebound attempt has held above the first support zone around $12.37. This level matches the Fib 0.236 area and acts as the first test for buyers. However, downside pressure still matters if price fails…
Read The Full Article Chainlink Price Prediction: LINK Open Interest Cools Off as Traders Rebuild Positions Slowly On Coin Edition.
In This News
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In This News
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Read More
Canton Price Prediction: Cup And Handle Pattern Targets $0.20 After Swyftx Listing