$LINK As of early February 2026, Chainlink (LINK) is experiencing a period of significant volatility and technical transition. After a broader market sell-off pushed the price to multi-year lows near $7.20–$8.00, the token is currently showing signs of stabilization and potential recovery.Latest Market Analysis (February 10, 2026)Current Price Action: LINK is trading in the range of $8.70 – $9.20 USDT. This follows a recent dip to approximately $7.19 earlier in the month, triggered by a wider crypto market correction. RSI (Relative Strength Index): Currently sitting near 50 (Neutral). It has rebounded from oversold levels (below 30), suggesting that the immediate panic selling has subsided, though a song bullish trend has yet to form.
Moving Averages: The 50-day SMA is acting as immediate resistance (around $8.83), while the 200-day SMA remains significantly higher, indicating the long-term trend is still recovering from a bearish phase.MACD: Showing a potential bullish crossover on shorter timeframes, though the overall momentum remains "cautious.Support Levels: Critical support is established at $7.20. If this level holds, analysts expect a consolidation phase followed by a move toward $10.00.Resistance Levels: Immediate resistance lies at $9.50, followed by a much stronger hurdle at $11.60. A decisive break above $12.00 is required to confirm a medium-term bullish reversal
LINKUSDT
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