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LINK WILL RETURN TO THE RANGE 15.5 TO 16$
Currently, LINK is showing signs of weakening after a strong previous rally. On the weekly chart, the RSI indicator is at a neutral level of ~53 but is trending downwards, indicating a decreasing buying force. MACD is also starting to narrow the gap, signaling the possibility of a short-term correction. The important support area is around 15.5 – 16 USD, which is a confluence area between the previous upward trendline and the old bottom that has been tested multiple times. If selling pressure continues, LINK is likely to retreat to this area for re-testing before a new upward bounce.