Can #LINK Bulls Make a Comeback or Not? Bears Still in Control

Yello, Paradisers! Is #LINKUSDT About to Break Down, or Will Bulls Defend This Critical Support? Let's discuss the latest analysis setup of #Chainlink:

💎#LINK is at a critical decision point, trapped inside a descending channel that has dictated price action for months. The question is—will it finally break out, or are we heading for another major leg down?

💎#LINKUSD is testing a crucial support zone around $14.00-$14.50, a level that previously acted as resistance and has now flipped into support. Losing this area could send the price tumbling toward the next major support at $8.08 and give bears total control.

💎The descending resistance line has been rejecting every bullish attempt, keeping #LINK in a downtrend. For a trend reversal, #LINK must break above $19.63, which would invalidate the bearish setup and open the doors for a strong rally toward $24-$26.

💎Bullish divergence spotted on the MACD suggests that a short-term relief rally could occur. However, unless we see a confirmed breakout, any upside movement might be just a temporary bounce before further downside.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
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